Bank Of Baku

SOCAR reduces budget transfers

SOCAR reduces budget transfers
# 08 July 2015 14:14 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. State Oil Company of Azerbaijan Republic (SOCAR) transferred AZN 123,688,000 to the state budget in June 2015, down AZN 21,963,000 or 15.08% by contrast to a year earlier.

 

Totally, SOCAR transferred AZN 728,730,000 to the state budget in January-June 2015, down 239,579,000 or 24.74% from 2014.

 

Moreover, SOCAR transferred AZN 11,942,000 to the State Social Protection Fund in June 2015, up AZN 143,000 or 1.21% compared to 2014.

 

Totally, AZN 69,784,000 was transferred to the State Social Protection Fund (SSPF) in January-June 2015, down 3.39% or AZN 2,453,000 in annual comparison.  

 

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