SOFAZ 2018 budget revenues estimated at 10,676 bln AZN

Baku. 7 November. REPORT.AZ/ 2018 budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) is estimated at 10 676,4 mln AZN. This figure is less by 137,5 million AZN or 1.3% compared to forecast in 2017.

Report informs, finance minister Samir Sharifov said at today's joint meeting of five parliamentary committees during discussion of the projects included in the 2018 budget envelope.

9 723.8 mln AZN or 91.1% of this amount will account for revenues from profit oil and gas sale.

SOFAZ 2018 budget expenses will amount to 11 986.5 million AZN, which is less by 3 223,9 mln AZN or 21,2% compared to 2017.