2016 state budget executed with deficit of AZN 241M

  24 January 2017    Read: 1052
2016 state budget executed with deficit of AZN 241M
In 2016 AZN 17,501,200,000 was transferred to the state budget, AZN 17,742,400,000 was spent.
Budget deficit amounted to AZN 241.2 million, which makes up 0.4% of GDP.

In 2016 GDP made up AZN 59,987,700,000, down 3.8% from previous year. This was caused by 27.6% decline in construction sector. 37.4% of value added was formed in industry, 10.3% in trade; repair of transport facilities, 10% in construction, 6.8% in transport and storehouse, 5.6% in agriculture, forestry and fishery, 2.4% in tourist accommodation and catering, 1.8% in information and communication, 18% in other spheres. Net taxes to product and import made up 7.7% of GDP. Per head GDP amounted to AZN 6,223.8.

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