SOFAZ to increase budget transfers by AZN 1.6 billion

  17 February 2016    Read: 665
SOFAZ to increase budget transfers by AZN 1.6 billion
State Oil Fund of Azerbaijan (SOFAZ) is planned to increase the transfers to the state budget in 2016, AzVision.az reports citing to draft amendments to the law on "State Budget of Azerbaijan for 2016".
According to document, AZN 7,615,000,000 or 45.3% of the state budget revenues will come from SOFAZ.

According to approved state budget of 2016, SOFAZ transfers made AZN 6 bln.

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