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10:15 20 July
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State budget executed with surplus of AZN 297M ion H1


In the six months of 2018, AZN 9,821,600,000 was transferred to the state budget, AZN 9,524,300,000 was spent, relevantly up AZN 2,096.8 million or 27.1% and AZN 1,330,600,000 or 16.2% from previous year, Ministry of Finance reported.

 

Budget surplus stood at AZN 297.3 million.

 

Ministry of Taxes transferred AZN 3,382,600,000, up AZN 30,000,000 or 0.9% in comparison to a year earlier. Of this, ANZ 2,226,100,000 or 65.8% came from non-oil sector.

 

State Customs Committee’s budget transfers amounted to AZN 1,619,000,000, up AZN 447.8 million or 38.2% by contrast to a year earlier.

 

AZN 178.9 million was transferred from paid services of budget-funded organizations, AZN 33.1 million from other sources.

 

SOFAZ transfers made up AZN 4,608,000,000.

 

According to economic classification, AZN 3,625,700,000 or 38.1% was spent on social costs (+3.6% or AZN 125.7 million), AZN 4,948,800,000 or 51.9% on current expenses, AZN 3,596,300,000 or 37.8% to substantial costs, AZN 979.2 million or 10.3% on public debt and liabilities.

 

Revenues of consolidated budget rose AZN 3,492,100,000 or 30.1% to AZN 15,100,200,000, expenditures stood at AZN 10,843,000,000. Surplus of consolidated budget amounted to AZN 4,257,200,000.   

 

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