ID :
119181
Wed, 04/28/2010 - 14:46
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http://m.oananews.org//node/119181
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SOFAZ BUDGET REVENUES STAND AT 2 754.5 MILLION MANATS FOR JANUARY-MARCH 2010
Baku, April 28 (AzerTAc). Budget revenues of Azerbaijan`s State Oil Fund (SOFAZ) for the period of January-March 2010 reached 2 754.5 million manats, while budget expenditures constituted 1 292.3 mln manats.
Revenue of 2 704.5 mln manats was received from implementation of oil and gas agreements, including 2 702.2 mln manats from the sale of profit oil and gas, 2.0 mln manats as transit payments and 0.3 mln manats from sale of assets received from foreign companies.
The revenues from managing assets of the Fund for the reporting period amounted to 50.0 mln manats.
As per 2010 budget of the Fund, 1 225.0 mln manats were transferred to the state budget. The expenditures in the amount of 2.9 mln manats were directed to financing of improvement of social condition of refugees and internally displaced persons, 23.2 mln manats and 36.5 mln manats were accordingly used for financing the reconstruction of the Samur-Absheron irrigation system and financing construction of the Oghuz-Gabala-Baku water supply system. 1.9 mln manats were directed to financing "The state program on the education of Azerbaijani youth abroad in the years 2007-2015". The Fund`s administrative and operational expenses in this period were 2.8 mln manats.
The Fund`s extra-budgetary expenditures related to the revaluation of foreign exchange totalled 379.0 million manats.
The assets of SOFAZ as at April 1, 2010 has grown by 9.1% compared to the beginning of 2010 (USD 14 900.4 mln) and stood at 13 049.7 mln manats (USD 16 243.3 mln).
Revenue of 2 704.5 mln manats was received from implementation of oil and gas agreements, including 2 702.2 mln manats from the sale of profit oil and gas, 2.0 mln manats as transit payments and 0.3 mln manats from sale of assets received from foreign companies.
The revenues from managing assets of the Fund for the reporting period amounted to 50.0 mln manats.
As per 2010 budget of the Fund, 1 225.0 mln manats were transferred to the state budget. The expenditures in the amount of 2.9 mln manats were directed to financing of improvement of social condition of refugees and internally displaced persons, 23.2 mln manats and 36.5 mln manats were accordingly used for financing the reconstruction of the Samur-Absheron irrigation system and financing construction of the Oghuz-Gabala-Baku water supply system. 1.9 mln manats were directed to financing "The state program on the education of Azerbaijani youth abroad in the years 2007-2015". The Fund`s administrative and operational expenses in this period were 2.8 mln manats.
The Fund`s extra-budgetary expenditures related to the revaluation of foreign exchange totalled 379.0 million manats.
The assets of SOFAZ as at April 1, 2010 has grown by 9.1% compared to the beginning of 2010 (USD 14 900.4 mln) and stood at 13 049.7 mln manats (USD 16 243.3 mln).
