July 21, 2014 13:18
Azerbaijani budget surplus at 2.1% of GDP in H1
BAKU. July 21 (Interfax) - The Azerbaijani budget posted a surplus of 615 million manat or 2.1% of GDP in H1 2014.
Revenue totaled 9.339 billion manat and spending amounted to 8.724 billion manat for a surplus of 615 million manat.
The plan for revenue was 101.6% fulfilled and spending - 94.7%
Tax revenue totaled 3.579 billion manat or 103.6% of the plan; revenues from customs duties was 732.8 million manat (100.2%); and transfers from the State Oil Fund were 4.884 billion manat (100.1%).
According to the Finance Ministry, budget spending on defense increased 24.5%, healthcare spending - 7.6%, transport and communications - 6.3%, housing and public utilities - 23.1% and education - 7.6%.
Spending on the social sector totaled 2.645 billion manat or 30.3% of all spending, which is 14.5% more than last year.
Capital investment by the state in construction and reconstruction of social and sports infrastructure and housing amounted to 1.057 billion manat and another 2.316 billion manat was invested in the construction and reconstruction of facilities for energy, water supply, gas supply, transport, communal and reclamation infrastructure.
The spending on projects in the Nakhchivan Autonomous Republic was 37.1 million manat in H1.
The 2014 budget targeted revenue at 18.384 billion manat and spending at 20.063 billion manat, for a deficit of 1.679 billion manat or 2.87% of GDP.
The official exchange rate on July 21 was 0.7843 manat/$1.
Cm jh pr of
(Our editorial staff can be reached at email@example.com)
December 22, 2014
RUSSIA AND FSU GENERAL NEWS
Results of forex trading on Moscow Exchange on December 19
Russia political and economic calendar: December 22
December 21, 2014
Nazarbayev not complaining about health
Over 88% of electorate vote in Uzbek parliamentary elections
Russian Armed Forces more efficient thanks to foreign partners - Putin
Russian army getting a makeover - Putin
Putin thanks military for concerted actions in Crime
Kazakhstanis have no reason for economic worries - Nazarbayev
Kazakhstan not immediately affected by anti-Russian sanctions - Nazarbayev
Kazakhstan to stick to multi-vector policy - Nazarbayev
Defense Ministry to devise new 2016-2020 defense plan - Shoigu
Donetsk Republic establishes ombudsman's office
Germany‘s E.ON is spinning its Russian business off to a "New Company" which will be transferred to the company‘s shareholders, with plans to list it in 2016. Apart from the Russia business, the new company will receive all of E.ON‘s conventional energy assets. E.ON itself will focus on renewable energy and innovation. Johannes Teyssen, E.ON‘s CEO, told Interfax in an interview of the logic behind the decision and its implications for the concern‘s Russian subsidiary OJSC E.ON Russia.
Australian Ambassador to Russia Paul Myler has given an interview to Interfax ahead of the G20 summit in Brisbane in which he speaks about the MH17 crash, the reasons for joining the West‘s sanctions against Russia and explained why Australia expects changes in Russia‘s food policy by March 2015.
The name Arkady Rotenberg has been in the news far more frequently than usual in recent months. The billionaire was hit by the first wave of European Union sanctions against Russia, and has already challenged this decision in court. Recently it was reported that the businessman has sold part of his assets to his eldest son. Arkady Rotenberg spoke in an interview with Interfax about whether there was a link between these two developments, the impact of sanctions on his business, his friendship with President Vladimir Putin and many other topics.