According to the amendments, the transfers from SOFAZ will be 6.6 percentage point lower than 2016’s budget, 0.6% than approved budget for 2017.This is assessed as a positive tendency.
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Chamber of Accounts: Devaluation allowed to reduce transfers from SOFAZ to budget
03 July 2017
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Protection of currency reserves of the country in necessary amount in 2015, probability of significant profitability as a result of reassessment of foreign currency of the Central Bank of Azerbaijan taking into account the change of exchange rate regime and devaluations in February and December 2015 were included in the opinions of the Chamber of Accounts on execution of state budget for 2015 and draft state budget for 2016, the Chamber of Accounts said in its opinion on draft law on “Amendments to the law “on the state budget for 2017””.
According to the amendments, the transfers from SOFAZ will be 6.6 percentage point lower than 2016’s budget, 0.6% than approved budget for 2017.This is assessed as a positive tendency.
According to the amendments, the transfers from SOFAZ will be 6.6 percentage point lower than 2016’s budget, 0.6% than approved budget for 2017.This is assessed as a positive tendency.
