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Sovereign Wealth Funds Briefing - Categorized | Financials

In 2014 Azerbaijan can reduce use of Oil Fund’s money

Posted on 21 August 2013

In 2014 Azerbaijan can lower the spending of the Oil Fund’s money. A government source says that next year the State Oil Fund of Azerbaijan (SOFAZ) can reduce the size of the transfer to the state budget.
“Such prospects are associated with plans to reduce public investment in the economy in the next fiscal year,” the source said. In this regard, consideration of scenario of country’s development under conditions when the volume of investments reduces is already underway………………………………………..Full Article: Source


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