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SOCAR reduces transfers to state budget and SSSPF

13 June 2016 10:50 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. State Oil Company of Azerbaijan Republic (SOCAR) transferred AZN 117,806,000 to the state budget in May 2016, down AZN 14.29 million or 10.82% in comparison to a year earlier.

Totally, SOCAR transferred AZN 562,781,000 to the state budget in January-May 2016, down AZN 42.261 million or 6.98% compared to 2015.

Moreover, SOCAR transferred AZN 12,251,000 to the State Social Protection Fund in May 2016, up 8.92% or AZN 1,300,000 from 2015.

Totally, SOCAR transferred AZN 57,359,000 to the State Social Protection Fund (SSPF) in the same period, down 0.83% or AZN 483,000 by contrast to a year ago.