The President’s Press Service said the budget performance was approved at a revenue of AZN 11 864 648 100 and expenditure of AZN 4 291 751 400. The revenue forecast was met at a surplus of 17% and expenditure forecast was met at a deficit of 2% in 2008.
N | Figures | Thousand manats |
Revenue 11 864 648,1 | ||
1. | Net incomes from the sale of hydrocarbons (excluding transportation, customs clearance, survey, marketing and insurance costs, as well as SOCAR’s dividends from projects in which it is an investor, shareholder or partner). | 11 526 985,7 |
2. | Dividends for Azerbaijan from oil and gas projects (BTC project) | 97 234,6 |
3. | Acreage proceeds paid by investors for the use of contract area for hydrocarbon development | 3 567,0 |
4. | Transit fee from transportation of oil and gas through Azerbaijan | 165,7 |
5. | Bonuses paid to SOCAR or authorities for the signing or implementation of oil and gas contracts
| 2 822,2 |
6. | Proceeds from management of SOFAZ’s assets | 231 171,3 |
7. | Other incomes and proceeds | 2 701,6 |
Expenditures 4 291 751,4 | ||
1. | Financing of improvement of social condition of refugees and internally displaced persons | 144 999,4 |
2. | Transfers to Azerbaijan’s state budget in 2008 | 3 800 000,0 |
3. |
Construction of the Oghuz-Gabala-Baku water supply system | 211 819,5 |
4. | Reconstruction of the Samur-Absheron irrigation system | 120 600,0 |
5. | financing of Baku-Tbilisi-Kars Railway Project | 5 271,1 |
6. | Financing of state-sponsored study of students abroad in 2007-2015
| 2 295,6 |
7. | Administrative and operating expenses of SOFAZ | 6 765,8 |
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