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Surplus of Azerbaijan Oil Fund’s budget in 2012 to make only $271,5 million

Baku, Fineko/abc.az. In 2012 the surplus of State Oil Fund of Azerbaijan (SOFAZ) is expected at the level of $271,519 million at the forecasted average exchange rate of AZN 0.79 to the US dollar.

Finance Ministry of Azerbaijan reports that consolidated budget draft of Azerbaijan is made with the forecast of SOFAZ’s revenues at AZN 10.697 bn and expenditures at AZN 10.482 bn. The fund’s budget surplus is expected at the level of AZN 214.5 million.

At that growth of SOFAZ’s revenues versus 2011 index is expected at the level of AZN 2.099 bn (16,4%) and expenditures- AZN 630.1 million (+6,4%).

 

 


17.10.2011 14:13


   


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