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SOCAR reduces budget transfers 20%

12 January 2016 10:47 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. State Oil Company of Azerbaijan Republic (SOCAR) transferred AZN 75,320,000 to the state budget in December 2015, down AZN 72,989,000 or 49.21% by contrast to a year earlier.

Totally, SOCAR transferred AZN 1,480,195,000 to the state budget in January-December 2015, down 375,035,000 or 20.21% from 2014.

Moreover, SOCAR transferred AZN 12,688,000 to the State Social Protection Fund in December 2015, up AZN 982,000 or 8.34% compared to 2014.

Totally, SOCAR transferred AZN 139.294 mln to the State Social Protection Fund (SSPF) in January-December 2015, down 1.37% or AZN 1.946 mln in annual comparison.