The Azeri Oil Fund contributes more than half of State Budget Revenues

The Azeri Oil Fund contributes more than half of State Budget Revenues The income of the state budget for the first quarter of 2014 was 4.5 billion. manat ($ 5.74 billion US), the expenditures were 4.4 billion manat ($ 5.6 billion US). Budget surplus was 108,4 mln. manats in the reporting period. The Ministry of Finance reports that 2.34 billion manat($ 3.00 billion US) was transferred to the budget from the State Oil Fund of the Republic of Azerbaijan which is more than 52.0... Read More