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SOFAZ expenditures to increase next year

SOFAZ expenditures to increase next year

13 October 2011 09:37 (UTC +04:00)

Baku. Nijat Mustafayev â€“ APA-Economics. The budget incomes of State Oil Fund of Azerbaijan are forecasted to be AZN 10,697.0 mln, expenditure â€“ AZN 10,482.5 mln, next year, this was noted in the report of â€œAzerbaijanâ€™s state and consolidated budgets for 2012â€ published by Ministry of Finance.

The report says in 2012, the SOFAZ budget incomes are expected to be lower AZN 2,099.2 mln or 16.4% than 2011, AZN 2,391.5 mln or 18.3% than 2010.

In 2012, the expenditures will be upper AZN 630.1 mln or 3.4% than 2011, 8.5% than 2010.

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