2016 state budget executed with deficit of AZN 241M

2016 state budget executed with deficit of AZN 241M
# 24 January 2017 07:14 (UTC +04:00)

Budget deficit amounted to AZN 241.2 million, which makes up 0.4% of GDP.

 

In 2016 GDP made up AZN 59,987,700,000, down 3.8% from previous year. This was caused by 27.6% decline in construction sector. 37.4% of value added was formed in industry, 10.3% in trade; repair of transport facilities, 10% in construction, 6.8% in transport and storehouse, 5.6% in agriculture, forestry and fishery, 2.4% in tourist accommodation and catering, 1.8% in information and communication, 18% in other spheres. Net taxes to product and import made up 7.7% of GDP. Per head GDP amounted to AZN 6,223.8.   


 

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THE OPERATION IS BEING PERFORMED