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Azerbaijani President issues order to approve 2011 budget of State Oil Fund

28 December 2010 17:00 (UTC +04:00)

2009 budget shows incomes with manat.
1.Net incomes from selling of carbohydrates (expenses on transportation of carbohydrates, Bank, customs and bank documentations, surveyor, except marketing and insurance expense, incomes of State Oil Fund, which shares several projects ) â€“ 8 349 564,1
2. Dividends of Azerbaijan regarding realization of oil-gas projects â€“ 148 024,4
3. Incomes from transfer of oil and gas via Azerbaijan -10 452,0
4. The incomes earned from management of resources of State Oil Fund â€“ 340 252,8
5. Other incomes â€“ 900.0

The areas where the State Oil Fundâ€™s incomes will be spent have also been shown.

1. Financing some measures in connection with social welfare and settlement of refugees and internally displaced people â€“ 110 000,0

2. Transfer to the state budget of Azerbaijan Republic for 2009 â€“ 6 480 000,0

3. Financing the project of construction of water pipeline from Oghuz-Gabala to Baku â€“ 33 446,0

4. Financing the project of reconstruction of Samur-Absheron irrigation system â€“ 110 000.0

5. Financing Baku-Tbilisi-Kars new railway project â€“ 80 215,1

6. Financing the State Program on education of Azerbaijani youth abroad for 2007-2015 â€“ 15 000.0

7. Expenses on management of State Oil Fund â€“ 57 494,3