SOFAZ budget revenues increase

SOFAZ budget revenues increase
# 18 June 2022 12:23 (UTC +04:00)

Revenues of the State Oil Fund of the Republic of Azerbaijan, which is part of the consolidated budget, are expected to be 5199.4 million manats (49.1 percent) or 15789.1 million manats more than the approved figure for the current year.

It is reflected in the draft law “On amendments to the Law of the Republic of Azerbaijan on the state budget of the Republic of Azerbaijan for 2022 ”.

Expenditures of the State Oil Fund of the Republic of Azerbaijan will amount to 11563.1 million manats, which is 1192.5 million manats or 9.3 percent less than the approved figure for the current year.

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THE OPERATION IS BEING PERFORMED