| The State Oil Fund of Azerbaijan (SOFAZ) will continue to reduce its transfers to the state budget. According to Samir Sharifov, Azerbaijan’s Minister of Finance, the draft state budget for 2016 and next three years is already under preparation.
“Currently we analyze domestic and foreign macroeconomic situation, priorities and targets of the social and economic development. At the same time, when drafting budget documents we try to reduce SOFAZ transfers in order to preserve the Fund’s assets at the maximum level,” Sharifov said...............................................Full Article: Source |