SOFAZ gets 6.3% decline in budget transfers in 2016

SOFAZ gets 6.3% decline in budget transfers in 2016
  • Clock-gray 08:40
  • calendar-gray 25 January 2017

Receipts of 2016 state budget made up AZN 17,501,200,000, expenditures AZN 17,742,400,000.

 

According to Finance Ministry, the state budget’s receipts were fulfilled by 104% (forecast – AZN 16,822,000,000).

 

Ministry of Taxes fulfilled forecast by 100.1% transferring AZN 7,015,200,000 to the state budget. Of this, 77.1% or AZN 5,408,200,000 came from non-oil sector, up AZN 379.8 million or 7.6% from 2015.

 

State Customs Committee fulfilled the forecast by 126.6% transferring AZN 2,291,600,000, up AZN 699.7 million or 44% from previous year.

 

In the reporting period, AZN 239.1 million was transferred from paid services of budget-funded organizations, AZN 130.9 million from assets reassessments, AZN 68.8 million from repayment of loans and state guarantees, AZN 54.2 million from external loans, AZN 40.4 million from fines and sanctions, AZN 92.2 million from other sources.

 

SOFAZ transferred AZN 7,615,000,000 which is AZN 515 million or 6.3% less than 2015.

 

In October-December 2016, budget receipts amounted to AZN 7,398,100,000, expenditures to AZN 7,120,200,000.  

 

In the reporting period, AZN 11,693,000,000 or 65.9% was spent to current expenditures, AZN 4,283,900,000 or 24.1% to capital expenditures, ANZ 1,765,500,000 or 10% to public debt and liabilities.

 

Social expenditures made up AZN 6,237,400,000 or 35.2% of total expenditures, up AZN 571.5 million or 10.1% in comparison to 2015.  

 

Budget deficit stood at AZN 242.1 million.

 

Incomes of consolidated budget made up AZN 21,581,600,000, expenditures AZN 21,406,000,000.

 

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