SOFAZ to increase budget transfers next year

Baku. 23 October. REPORT.AZ/ The State Oil Fund of Azerbaijan (SOFAZ) is expected to increase budget transfers to AZN 11,364,300,000 next year, up AZN 398.3 million or 3.6% in comparison to the forecast for 2018, AZN 5,264,300,000 or 86.3% from execution in 2017, Report informs referring to the 2018 state budget package.

The upper limit of the SOFAZ transfers in 2018 is forecasted to be AZN 10.966 billion. SOFAZ’s revenues in 2019 are expected to be AZN 15,579,200,000, and expenditures AZN 11,364,300,000.