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SOFAZ income to increase

SOFAZ income to increase

26 May 2012 09:46 (UTC +04:00)

According to him, consequently, the consolidated budget of Azerbaijan will be increased by 19.9% and so, the surplus in consolidated budget will make AZN 938 mln.

Note that, SOFAZ incomes are expected to reach AZN 14.322 bln, while it was considered to be AZN 10,697,030,600.

Deputy Minister of Finance Azer Bayramov noted that, the increase of SOFAZ income was caused by higher oil prices in world market than base price in Fundâ€™s budget.

He noted that, base price of oil on state budget increase from $80 to $100.

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