Azerbaijan`s Parliament makes amendments to state budget for 2011
Baku, 29 May (AZERTAC). The Parliament of Azerbaijan, Milli Majlis has adopted a draft law on making amendments to the Law on state budget of the Republic of Azerbaijan for 2011. So, revenues of Azerbaijan`s state budget for 2011 was raised by AZN 3,493,2 million.
After this increase, the incomes of the state budget for 2011 will make AZN 15,554.2 millon, up 29 percent compared to the confirmed prognosis. AZN 770 mln of growth of budget incomes will be provided from taxes and customs revenues, while 2.7 bollion from the State Oil Fund.
Expenses of the state budget for 2011 make AZN 15,941.2 million, by rising AZN 3,193.2 million or 25% compared to annual budget expenses confirmed for 2011. After the growth, 48.4% or AZN 7,716.5 mln of the expenses will concern current expenses, 49.9% or AZN 7,878.0 mln - capital expenditures, 2.2% or AZN 346.7 mln - expenses related to public debt services.
Through additional revenue AZN 300.0 mln will be reduced by the amount of funds allocated for financing budget deficit (AZN 687.0 mln).
The price of oil used in the calculation of state and consolidated budget in the project submitted to the parliament was reached to $80 per barrel, by rising $20.
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