Minister of Finance of the Republic of Azerbaijan Samir Sharifov made a business visit to the Islamic Republic of Pakistan, the United Arab Emirates (UAE) and India on February 19-21***As of January 1st, 2018, the external public debt of the Republic of Azerbaijan constituted 9,398.3 million US dollars (equivalent 15,978.1 million manat). The Debt to the Gross Domestic Product ratio stands at 22.8 percent (based on 2017 GDP of AZN 70,135.1 mln)******

Information on execution (operative) of the state budget for nine months of 2011

Information on execution (operative) of the state budget for nine months of 2011

01.11.2011

The income of the state budget for nine months of 2011 was 8978,9 million AZN, expenditures were 8734,8 million AZN, where of 244,1 million budget surplus is occurred.

Incomes

The income of the state budget had been executed for 105,6 % during the nine months of 2011 which is 1474,4 million AZN or 19,6 % more in comparison to the same period of the last year.
The Ministry of Taxes provided 4063,2 million AZN to the state budget executing the income plan for 112,4 % which is 449,8 million AZN more in regards to the forecast, 935,6 million AZN or 29,9 % more in comparison to the same period of 2010.
During the nine months of 2011 the State Customs Committee executed the forecast for 100,2 % and provided 842,7 million AZN to the budget.
52,0 million AZN or 2,0 times more than considered according to the forecast entered to the budget against the 26,6 million AZN expected to be received from other incomes for nine months of 2011.
There was transferred 4021,0 million AZN to the budget from the State Oil Fund.
 

Expenditures

The expenditures of the state budget was executed for 87,7 percent during the nine months of 2011 which is 1898,2 million AZN or 27,8 % more in comparison to the corresponding period of 2010.
27,7 percent or 2416,2 million AZN of the state budget expenditures had been directed to financing the social oriented activities which is 351,2 million AZN or 17,0 % more in comparison to the corresponding period of 2010.   
In comparison to the same period of 2010, 1105,2 million AZN or 52,8 % more was allocated to industrial, construction and fossils costs, 10,1 million AZN or 34,2 % more was allocated to transportation and communication costs, 200,1 million AZN or 21,9 % more was allocated to social protection and social supply costs, 51,0 million AZN or 18,7 % more was allocated to healthcare costs, 47,3 million AZN or 17,7 % more was allocated to agriculture, forestry, fishery, hunting and environment protection costs, 18,5 million AZN or 17,2 % more was allocated to culture, arts, information, sport costs and costs for activities outside the other categories, 19,1 million AZN or 13,9 % more was allocated to housing and utilities costs, 81,6 million AZN or 10,6 % more was allocated to education costs, 48,8 million AZN or 8,8 % more was allocated to general government services costs, 4,1 million AZN or 4 % more was allocated to the costs related to economy, 13,6 million AZN or 3,1 % more was allocated to judicial authorities, law – enforcement and prosecution costs according to the functional classification during the nine months of 2011.
462,0 million AZN was directed to construction and restoration of facilities, 2819,0 million AZN  was allocated to construction and restoration of power, electricity, gas supply, transportation, utilities, melioration infrastructure and other such kind facilities and purchasing relevant equipment for them on the socially oriented projects (education, healthcare, culture, sport and other socio – cultural and domestic assignments) funded from the state funded investment costs in amount of 3281,0 million AZN used during the nine months of 2011.