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Transfers from Oil Fund to state budget are reduced by more than AZN 1 bln

20 June 2022 13:08 (UTC +04:00)

"Transfers from the State Oil Fund to the state budget are reduced by more than AZN 1192,5 mln," said the Minister of Finance Samir Sharifov during the discussion (first reading) of the draft law “On amendments to the Law of the Republic of Azerbaijan on the state budget of the Republic of Azerbaijan for 2022 "in the joint meeting of the Economic Policy, Industries, and Enterprising, and Labor and Social Policy Committees of the Azerbaijani Parliament, APA reports.

Samir Sharifov noted that those revenues are mutually substituted at the expense of the additional oil revenues. This will further increase the assets of the State Oil Fund.