SOFAZ to spend over 2 bln manat on investment projects

 In 2013, the State Oil Fund of Azerbaijan (SOFAZ) will spend AZN 2,149 bln on investment projects, speaking at meeting of the parliamentary committee on the state budget for 2013 finance minister Samir Sharifov said.

He also noted that, generally in 2013 SOFAZ transfers to the state budget will be AZN 11.350 bln.
He stressed that, in comparison with 2012, SOFAZ transfers to the state budget will increase by AZN 1,445 bln.

Overall revenues to the state budget in 2013 are planned to be AZN 19,154 bln, which is 12.4% more than in 2012, and the state budget expenditures will be AZN 19,810 bln, which is 12.1% more than in 2012. The budget deficit is planned to be 1.17%.


/AzerTAc/