Chamber of Accounts: Incomes of state budget will drop in next 4 years

Baku. 26 November. REPORT.AZ/ Incomes of state budget is expected to drop during 2018-2020 years to AZN 15 696.7 mln., AZN 15 252,8 mln. and AZN 14 737,9 mln consecutively.

Report informs, referring to outlook of Azerbaijan's Chamber of Accounts on 2017 state budget draft.

Notably, state budget’s correlation to GDP will equal to 24.6%, 22.5% and 20.9% consecutively in 2018-20 years. The estimation is based on forecasts of decrease of budget incomes and increase of GDP.

Income of 2017 state budget has been determined as AZN 15 955,0 mln. This is AZN 1 543,0 mln. (8.8%) lower in comparison with actual indicator of 2015 and AZN 867,0 mln. (5.2%) lower in comparison with 2016 forecasted figure. The state budget income is expected to make up 26.0% of overall GDP in 2017.

Expenditures of 2017 state budget are expected to amount AZN 16 600,0 mln., which is AZN 1 184,5 mln. (6.7%) lower in comparison with actual indicator of 2015, AZN 1 895,0 mln. (10.2%) lower in comparison with 2016 forecasted and AZN 412.8 mln. (2.4%) lower in comparison with expected actual figure.