Oil Fund`s budget revenues for 2020 to be AZN 12.3 bn


October 18, Fineko/abc.az. Revenues of State Oil Fund of Azerbaijan’s budget for 2020 are projected at the level of AZN 12.38 bn.

This is reported with reference to the projects on the state and the consolidated budget for the next year.

SOFAZ budget expenditures for 2020 will amount to AZN 11.56 bn (by AZN 4.3 million less than in 2019).

The upper limit of SOFAZ’s transfers to the State Budget is envisaged at the level of AZN 11.35 bn (AZN 14.3 million or 0.1% less than in 2019).