SOFAZ to reduce 2016 budget transfers

SOFAZ to reduce 2016 budget transfers
# 14 September 2015 15:41 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. Reduction of State Oil Fund of Azerbaijan’s budget transfers will continue in 2016.

According to Finance Ministry, SOFAZ is planned to transfer AZN 6,000,000 to the state budget in 2016, down AZN 4,388.0 or 42.2% from 2015.

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THE OPERATION IS BEING PERFORMED