Page 28 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.74, # 2, 2017, pp. 4-31

domestic revenue. The diagrams below illustrate these challenges by showing the domination of
the recurrent expenditure of the total government expenditure, and the very low share of capital
expenditure in the total public spending, as well as the revenue sources in the economy.

Main Expenditure Streams in 2016 Government

Expenditure

Capital Expenditure Debit Services %
% 2%
10%

Recurrent

Expenditure %

88%
Source: MOF – General Government Finance Statistics, Various Spreadsheets

Source: MOF – General Government Finance Statistics, Various Spreadsheets

Main Government Revenue Resources Categories for

Fiscal Year 2016

External Grant Tax Revenue
43% 44%

Non-Tax
Revenue
13%

Source: MOF, General Government Finance Statistics, Various Spreadsheets, 2016

28