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SOFAZ expenditures to reach $15 bln

[ 04 November 2013 13:56 ]

Baku. Agshin Rafigoglu – APA-Economics. Revenues in the 2014 budget of State Oil Fund of Azerbaijan will make AZN 11.624 bln ($14.819 bln), expenditures – AZN 11.626 bln ($14.821 bln), said the SOFAZ Executive Director Shahmar Movsumov at the joint meeting of committees of Milli Majlis.

According to him, AZN 300 mln is offered to be spent to solution of social problems of refugees and IDPs. AZN 132 mln is planned to be allocated to implementation of Baku-Tbilisi-Kars railway project.


AZN 285 mln will be allocated to construction of new petro-chemical complex, AZN 33.7 mln – to education. Movsumov sais AZN 800 mln is considered to be allocated to financing of TANAP construction.