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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance, Reserve Currencies

Surplus of Azerbaijan Oil Fund’s budget in 2012 to make only $271,5 mln

Posted on 18 October 2011

In 2012 the surplus of State Oil Fund of Azerbaijan (SOFAZ) is expected at the level of $271,519 million at the forecasted average exchange rate of AZN 0.79 to the US dollar.
Finance Ministry of Azerbaijan reports that consolidated budget draft of Azerbaijan is made with the forecast of SOFAZ’s revenues at AZN 10.697 bn and expenditures at AZN 10.482 bn. The fund’s budget surplus is expected at the level of AZN 214.5 million……………………………………….Full Article: Source


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