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

Azerbaijani President approves execution of 2010 budget of State Oil Fund

Posted on 15 July 2011

In accordance with decree on the execution of the 2010 budget of the State Oil Fund of Azerbaijan (SOFAZ), approved by the President of Azerbaijan Ilham Aliyev, its revenues amounted to 13.088.5 billion manat and expenses - 6.386.6 billion manat, the Azerbaijani President’s official website reported.
Revenue of SOFAZ’s budget was executed by 144.9 percent and expenditure by 99.4 percent………………………………………Full Article: Source

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