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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

Bill on State Budget 2013 introduced into Milli Majlis

Posted on 17 October 2012

The Bill on State Budget 2013 has been introduced into Milli Majlis (parliament of Azerbaijan) and was published in accord with regulations of legislation. The President offered to establish a transfer from the State Oil Fund (SOFAZ) to the state budget at the level of AZN 11.35 bn, and transfer from the state budget to the budget of the State Social Protection Fund at AZN 1.077 bn.
Defense spending is proposed at the level of AZN 1.528 bn and investment at AZN 6.915 bn………………………………………..Full Article: Source


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