SOFAZ to increase budget transfers next year

Namig Huseynov
Post's author

The State Oil Fund of Azerbaijan (SOFAZ) is planned to transfer AZN 11,767,500,000 to the state budget in 2020, up 3.55% from 2019, Report informs citing Finance Ministry.

In 2020, AZN 13,947,500,000 or 57% of budget revenues will come from oil, AZN 10,536,500,000 or 43% from non-oil fields. 

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