President makes amendment in decree on SOFAZ budget for 2017

Wed 04 October 2017 16:05 GMT | 20:05 Local Time

Text size: bigger smaller
W1siziisijiwmtcvmtavmdqvmjavmtqvndyvzdvimddkntctnmq1ys00ntizlwi2njgtzjdhzdfhn2qyyzhkl2mwothhztu5nwnjzdy1m2e0mwqxzddim2q0ntljognllmpwzyjdlfsiccisinrodw1iiiwimzywedi3mcmixv0?sha=2cb0647ac708ec6a

President Ilham Aliyev has issued an order on amendments in the decree #1186 of Azerbaijani president on the “Budget of the State Oil Fund of Azerbaijan Republic for 2017” dated January 10, 2017.

APA reports that the amendments in the decree are as follows:
 
In the first part of the decree, the figures “8,370,589.8” and “14,483,856.0” will relevantly be replaced with the figures “10,813,861.6” and “15,242,928.0”.
 
In the provision #2.1 of the table in the second part, the figures “7,550,705.3” will be replaced with the figures “9,826,212.0”. Moreover, the figures “3,465.0” in the provision #2.2, “16,830.0” in the provision #2.3, “799,094.6” in the provision #2.4, and “495.0” in the provision #2.5 will relevantly replaced with “3,605.5”, “17,688.5”, “963,948.0” and “2,407.6”.   
 
At the same time, the figures “8,370,589.9” in the line of total amount of the revenues will be replaced with the figures “10,813,861.6”.
 
The list in the third part should be as follows:

3.1. Financing the improvement of social condition of refugees and IDPs - AZN 105,000

3.2. Upper limit of transfer to 2017 State Budget of the Republic of Azerbaijan - AZN 6,100,000

3.3.Upper limit of transfer to the Central Bank of the Republic of Azerbaijan in order to ensure macroeconomic stability - AZN 7,500,000

3.4. Financing the reconstruction of the Samur-Absheron irrigation system - AZN 70,000

3.5. Financing "Baku-Tbilisi-Kars" railway project - AZN 165,825

3.6. Financing the "State Programme on the  Education of Azerbaijani Youth abroad in the years 2007-2015" - AZN 29,304

3.7. Financing the share of the Republic of Azerbaijan in Southern Gas Corridor projects - AZN 496,155

3.8. Financing the share of the Republic of Azerbaijan in STAR oil refinery in Turkey - AZN 744,072

3.9. Administrative expenses of the State Oil Fund of the Republic of Azerbaijan - AZN 32,572
 
Total - AZN 15,242,928
 
An article #1.8, in the following context, will be annexed to the decree:
 
1.8. Financing the share of the Republic of Azerbaijan in STAR oil refinery in Turkey.

News.Az

Printer

Commentary

Most read articles

More from Economy

In The Region

Editor Picks

Azerbaijan Cuisine

Explore the food of Azerbaijan - from sherbet to succulent kebab, from baklava to fragrant pilaff

Follow us

Find us on Facebook