SOFAZ expected to reduce budget transfers next year

Revenues of SOFAZ budget for 2020 are expected to make up AZN 12,384,100,000, Report informs referring to the drafts of state and consolidated budget for 2020.

Expenditures are forecasted at AZN 11.560 billion, down AZN 4.3 million from 2019.

Upper limit of transfers from SOFAZ to the state budget is planned to be AZN 11.350 billion, down AZN 14.3 million or 0.1% from 2019.