President Ilham Aliyev signed an order on the implementation of the 2021 budget of the State Oil Fund (SOFAZ).
SIA informs that according to the order, the income of the fund was approved in 15,985,652.3 thousand manats, and its expenses in 11,382,683.9 thousand manats, or at the level of 199.8 percent of revenues and 92.9 percent of expenses compared to the budget of the fund last year.
|
The Row № |
Indicators |
in thousand manats |
|
Income, total: |
15 985 652,3 |
|
|
|
including: |
|
| 1. |
The net income from the sale of hydrocarbons falling within the share of the Republic of Azerbaijan (with the exception of the costs of transporting hydrocarbons, bank, customs clearance, independent control (surveyor), marketing and insurance costs, as well as in projects in which the State Oil Company of the Republic of Azerbaijan is an investor, shareholder or partner) excluding income from investment or participation) |
11 894 606,9 |
| 2. |
Accounts payable by investors for the use of the contract area in connection with the development of hydrocarbon resources |
5 283,6 |
| 3. |
Revenues from the transfer of oil and gas through the territory of the Republic of Azerbaijan |
21 382,3 |
| 4. |
Income from the placement and management of foreign exchange assets of the State Oil Fund |
3 287 434,2 |
| 5. |
Bonuses paid by investors in connection with the signing or execution of oil and gas contracts |
776 945,3 |
|
Costs, total: |
11 382 683,9 |
|
|
|
including: |
|
| 1. |
The upper limit of the transfer to the 2021 state budget of the Republic of Azerbaijan |
11 350 000,0 |
| 2. |
Funding of the "State Program on Increasing the International Competitiveness of the Higher Education System in the Republic of Azerbaijan for 2019-2023" |
10 208,9 |
| 3. |
Expenses related to the management of the State Oil Fund of the Republic of Azerbaijan |
22 475,0
|
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