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State budget executed at over AZN 519M-deficit in nine months

14 October 2016 10:57 (UTC +04:00)

According to the Ministry of Finance, the deficit amounted to AZN 519.1 million.

Forecast on the state budget revenues was AZN 12,098,300,000.

Ministry of Taxes transferred AZN 4,926,300,000 to the state budget fulfilling the forecast by 100.2%. Of this, 78% or AZN 3,843,300,000 came from non-oil sector, up 10.8% or AZN 374.6 million from previous year.

State Customs Committee transferred AZN 1,653,800,000 to the state budget fulfilling forecast by 125.6%, up AZN 529.6 million or 47.1% in comparison to a year earlier.

State Oil Fund of Azerbaijan (SOFAZ) transferred AZN 3.26 billion to the state budget, down AZN 2,370,500,000 or 42.1% from forecast.

Receipts from paid services of budget-funded organizations amounted to AZN 192.9 million.

Other receipts made up AZN 70.1 million.

In July-September 2016, the state budget’s revenues made up AZN 3,969,300,000.

In January-September 2016, budget expenditures made up AZN 10,622,200,000 or 87.5% of the forecast.

According to the economic classification, 42.5% or AZN 4.514 billion of the expenditures were directed to social sphere, up AZN 406.6 million or 9.9% in comparison to 2015.

AZN 212.8 million went to construction and reconstruction of scientific, educational, health, social culture, sport and other socio-cultural and household facilities, AZN 1,151,700,000 to construction and reconstruction of energy, water and gas supply, transport, utility, melioration infrastructures, as well as AZN 29 million went to funding of projects in Nakhchivan Autonomous Republic.

In July-September 2016 budget expenditures amounted to AZN 3,800,700,000.

Revenues of consolidated budget during the reporting period made up AZN 14.951 billion, expenditures AZN 12,623,400,000. Surplus stood at AZN 2,327,600,000.