SOFAZ draft budget decided to be submitted to Azerbaijani President

SOFAZ draft budget decided to be submitted to Azerbaijani President
# 14 January 2015 15:12 (UTC +04:00)

Baku. Agshin Rafigoglu - APA-Economics. SOFAZ Supervisory Board holds its following meeting A meeting of the Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was held on January 8, 2015. The meeting chaired by Mr. Artur Rasi-zadeh, Prime Minister of Azerbaijan and Chairman of the Supervisory Board discussed the SOFAZ draft budget for 2015.

The Board approved the Fund's 2015 budget revenues at 10 246 611.9 thousand manats, its expenditures at 11 813 909.2 thousand manats and the Fund's operating expenditures at 33 318.0 thousand manats. The Supervisory Board recommended the Fund's 2015 draft budget, including the major directions of its investment policy, and its draft annual operating expenditures for the approval by President of the Republic of

Azerbaijan.

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THE OPERATION IS BEING PERFORMED