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SOCAR reduces budget transfers 10%

13 May 2016 11:41 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. State Oil Company of Azerbaijan Republic (SOCAR) transferred AZN 119,845,000 to the state budget in April 2016, down AZN 12,658,000 or 9.55% in comparison to a year earlier.

Totally, SOCAR transferred AZN 444,975,000 to the state budget in January-April 2016, down AZN 27,971,000 or 5.91% compared to 2015.

Moreover, SOCAR transferred AZN 13,138,000 to the State Social Protection Fund in April 2016, up 10.33% or AZN 1,230,000 from 2015.

Totally, SOCAR transferred AZN 45,108,000 to the State Social Protection Fund (SSPF) in the same period, down 3.19% or AZN 1,486,000 by contrast to a year ago.