ECONOMY


STATE BUDGET REVENUES OF FIRST HALF 2003 OVER-FULFILLED

According to the Finance Ministry of Azerbaijan, the revenue forecast into the state budget has been fulfilled by 106% for the first half of 2003, which exceeds the showings of 2002 by 38,9% or 767,3 billion manats. The Tax Ministry has fulfilled the forecast figures by 104,7%, Economic Development Ministry – 118,3, State Customs Committee – 101,1%. The off-budget proceeds forecast is fulfilled by 129,4%.In the first half of 2003, expenditure forecast has been fulfilled by 95,5 %. Financing Figures topped the last year indicates by 29,6% or 589,9 billion manats.

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