Baku 23° C
SOFAZ fulfils budget commitments in 1Q by 44% less than forecast
Finance
- 17 April, 2023
- 15:15
In the first quarter of this year, the State Oil Fund of Azerbaijan (SOFAZ) transferred 1.576 billion manats ($927.058 million) to the state budget, which is 1.244 billion manats ($731.764 million) or 44.1% less than the forecasted figure, Report informs referring to the Ministry of Finance.
This was related to positive dynamics observed in budget revenues from tax and customs authorities.
As a result, SOFAZ didn’t fully fulfill its budget commitments.
Author
ARDNF I rübdə büdcə öhdəliyini 44 % az icra edib
ГНФАР выполнил бюджетные обязательства в I квартале на 44% меньше прогноза
Latest News
09:28
Ombudsman makes statement on Remembrance Day
Domestic policy09:21
Photo
Public figures visit military memorial cemetery in Baku
Domestic policy09:14
Azerbaijan intends to host Global Alliance of Civilizations Forum
Foreign policy09:03
Jeyhun Bayramov holds 37 bilateral meetings, signs 17 documents in New York
Foreign policy08:55
Azerbaijan's Foreign Ministry issues statement on September 27 - Remembrance Day
Foreign policy08:50
Social media accounts of First Vice-President Mehriban Aliyeva share post on September 27 – Remembrance Day
Domestic policy08:47
Social media accounts of President Ilham Aliyev share post regarding September 27 – Remembrance Day
Domestic policy00:00
Azerbaijan observes Remembrance Day
Karabakh23:52