Revenues of budget of State Oil Fund for 2020 decreased, while its expenditures increased

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31 August 2020

An amendment has been made to the budget of the State Oil Fund of the Republic of Azerbaijan for 2020, APA reports.

It has been reflected on 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”.

The revenues of the budget of the State Oil Fund of the Republic of Azerbaijan for 2020 have been decreased from AZN 12 billion 384 million 88,2 thousand to AZN 7 billion 832 million 893,4 thousand, while its expenditures have been raised from AZN 11 billion 589 million 910,3 thousand to AZN 12 billion 439 million 910,3 thousand.

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