In the draft law, AZN 7,645,000,000 will be transferred to the state budget from Ministry of Taxes, up AZN 135 million or 1.8% from approved forecast for 2017. These funds will come from non-oil sector. The draft law says AZN 5,805,000,000 is planned to be transferred from non-oil sector, up AZN 135 million or 2.4% by contrast to the approved 2017 state budget.
Transfers from ministry of taxes are forecasted as follows: AZN 2,583,000,000 is forecasted to come from value added, up AZN 85 million or 3.4% in comparison to the approved version of the budget.; Other receipts will make up AZN 140,000,000, up AZN 50 million or 55.6% from approved version. Forecast on sanctions and penalties makes up AZN 50 million.
Transfers from State Customs Committee (SCC) will make up AZN 2,250,000,000, up AZN 50 million or 2.3% froim approved budget for 2017. Transfers from SCC are forecasted as follows: AZN 1,674,000,000 will come from value added tax, up AZN 35 million or 2.1% in comparison to the approved version; AZN 469 million from customs duties, up AZN 15 million or 3.3% from aprved version. Receipts from off-budget revenues will make up AZN 429 million, up AZN 76 million or 21.5% from the approved budget.
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