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Sovereign Wealth Funds Briefing - Categorized | Performance

Azerbaijan Oil Fund’s budget surplus for 2011 confirmed at AZN 6 bln

Posted on 04 July 2012

Azerbaijani President Ilham Aliyev has ordered on approval of execution of budget of the State Oil Fund of Azerbaijan (SOFAZ).
Under the order, the SOFAZ budget was implemented for AZN 15.628 bn (122.1% of the forecast) on revenues and for AZN 9.606 bn (96.6%) on expenditures. The SOFAZ actual budget surplus for 2011 amounted to AZN 6.02 bn………………………………………..Full Article: Source


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