SOFAZ announces transfers to state budget in Q1

Baku. 4 April. REPORT.AZ/ The State Oil Fund of the Republic of Azerbaijan (SOFAZ) in January-March 2016, has paid 1 660 mln AZN to the state budget.

In accordance with the Fund's 2016 budget approved by the decree of the President of Azerbaijan, the total amount of transfers from the Fund to the state budget for the current year approved at 7 615 million manats.

"During the year, the Fund will continue the sale of currency through auctions organized by the Central Bank to fulfill obligations of the state budget", said in the SOFAZ.