Ogtay Asadov: "Some investment projects have been

20 June 2026

Ogtay Asadov: "Some investment projects have been postponed"

17:37 13 October 2015 Read: 1015

Ogtay Asadov: "Some investment projects have been postponed"

"Decline of state budget for 2016 was caused by reduction of transfers from the State Oil Fund of Azerbaijan", Speaker of Azerbaijani Parliament Ogtay Asadov said during the discussion of 2016’s budget package.

Asadov noted that the transfers from SOFAZ are forecasted to make AZN 6 bln next year, while they made AZN 10.4 bln in 2015.

The speaker added that some projects have been postponed, but this will not affect the implementation of significant projects.

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