Upper limit of this year’s transfer of SOFAZ to state budget increased by 9,6%

Upper limit of this year’s transfer of SOFAZ to state budget increased by 9,6%
  • Clock-gray 16:19
  • calendar-gray 31 August 2020

The upper limit of the transferred funds that will be allocated by the State Oil Fund of the Republic of Azerbaijan (SOFAZ) to the state budget has been increased by 9,6%, says the decree On making an amendment to the Decree #906 of the President of the Republic of Azerbaijan dated December 29, 2019 “On the budget of the State Oil Fund of the Republic of Azerbaijan for 2020, APA-Economics reports.

It was noted that while previously the upper limit of the transfer to the state budget for 2020 made up AZN 11 350 000,0 thousand, based on the change, this indicator has been increased by AZN 1 089 910,3 thousand or 9,6% and has been brought up to AZN 12 439 910,3 thousand.

APA-Economics

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