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SOCAR gets 12.5% decline in budget transfers

12 October 2016 09:35 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. State Oil Company of Azerbaijan Republic (SOCAR) transferred nearly AZN 119,443,000 to the state budget in September 2016, down AZN 17,044,000 or 12.49% from the last year.

SOCAR transferred over AZN 1,024,827,000 to the state budget in January-September 2016, down AZN 110,418,000 or 9.73% compared to the previous year.

Moreover, SOCAR transferred AZN 12,816,000 to the State Social Protection Fund in September 2016, up AZN 1,028,000 or 8.72% from 2015.

SOCAR transferred over AZN 107,163,000 to the State Social Protection Fund in January-September 2016, up AZN 2,940,000 or 2.82% compared to the previous year.