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Sovereign Wealth Funds Briefing - Categorized | Performance

State Oil Fund of Azerbaijan offers its budget 2010 with surplus

Posted on 15 December 2009

From Abc.az: The Supervisory Board of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) has considered and submitted for approval of the Azerbaijani President the Fund’s draft budget for 2010.

SOFAZ reports that its forecast on budget revenues for next year makes up AZN 5.96 bn and expenditures AZN 5.428 bn. Fund’s operating expenditures are restricted with AZN 33.4 million……………………………….Full Article: Source

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