Azerbaijan posts slight budget deficit in 2010
BAKU – Revenues of Azerbaijan's state budget in 2010 amounted to around 11.402 billion manats ($14.252 billion), while expenses made up 11.766bn manats ($14.707bn). Thus, the country posted a budget deficit of $455m, though a surplus of $1.283bn was reported in 2009, according to the Finance Ministry.
Budgetary revenues had been projected at $14.381bn, while expenses at $15.343bn in 2010. Thus, the forecast was underfulfilled by 0.9 percent and 4.1 percent respectively.
Overall, budget revenues and spending increased 10.4 pct and 12 pct accordingly in comparison with 2009.
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