Azerbaijan expects increase in state budget revenues in 2013

According to the draft State Budget for 2013 and the next three years, the state budget revenue will amount to 19.154 billion manat (34.2 per cent of the projected GDP for 2013) with expenses at 19.81 billion manat (35.2 per cent of the GDP) for next year, Azerbaijani Finance Ministry said on Monday.

It is expected that in 2013 revenues will exceed the planned targets for this year by 2.116 billion manat or 12.4 per cent, compared to actual indicators of 2011 by 3.453 billion manat, or 22 per cent.

Expenses for 2013 will increase by 12.1 per cent compared to 2012 and by 28.7 per cent compared to 2011.

The budget deficit is projected at 656 million manat (1.1 per cent of GDP) compared to the forecast for 2012 at 634 million (1.2 per cent of GDP).


/Trend/