Azernews.Az

By Nazrin Gadimova

Reports show that the actual revenues of Azerbaijan's state budget reached 162.3 billion manats (34.1 percent of the GDP) in the first eleven months of 2013.

The figure shows a 14.1 percent increase compared to the same period last year, the Azerbaijani government reported on December 2.

During the mentioned period, the state budget expenditures increased by 14.8 percent, reaching 140.2 billion manats (31.1 percent of the GDP), while the budget surplus amounted to 22.1 billion manats (4.7 percent of the GDP), showing a slight increase compared to the same period in 2012.

About 35.5 percent (57.6 billion manats) in the structure of revenues were provided by Azerbaijan's Ministry of Taxes. Revenues from customs duties and taxes amounted to 11.3 billion manats (with a unit weight of 7 percent), and revenues from other sources reached 93.3 billion manats (57.5 percent). Compared to the same period in 2012, tax revenues, customs charges, and revenues from other sources showed a 9.7, 14.8, and 17 percent increase respectively.

During the mentioned period, about 21.9 billion manats were received out of the VAT proceedings (13.5 percent of total income), profit tax revenues amounted to 22.6 billion manats (13.5 percent), income tax reached 676 million manats ( 4.2 percent), excise tax was 4.9 billion manats (3 percent), property tax amounted to 96.3 million manats (0.6 percent), land tax reached 28.1 million manats (0.2 percent), tax on mineral resources was 10 billion manats (0.6 percent), and tax on foreign-economic activities reached 5.5 billion manats (3.4 percent).

In the mentioned period, about 15 billion manats (with a unit weight of 10.8 percent) of the budget was spent on social security and population protection, 9.8 billion manats (7 percent) was spent on education, 467 million manats (3.3 percent) was spent on health care, 7.5 billion manats (5.4 percent) was spent on maintenance of prosecution, security, law enforcement, and judicial bodies, and 62.2 billion manats (44.4 percent) was spent on for economic investments.

Around 19.8 percent (27.7 billion manats) of the state expenditures were spent on paying salaries, pensions, and benefits.

The official exchange rate is 0.7843 AZN/USD on December 4.