18.10.2011 - Surplus of Azerbaijan Oil Fundís budget in 2012 to make only $271,5 mln
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 SOFAZís revenues at AZN 10.697 bn and expenditures at AZN 10.482 bn. The fundís budget surplus is expected at the level of AZN 214.5 million..............................................Full Article: Source
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