Azerbaijani Oil Fund`s 2017 Budget with 75.0 % deficit

Azerbaijani Oil Fund`s 2017 Budget with 75.0 % deficit The budget of the State Oil Fund of Azerbaijan (SOFAZ) for 2017 will have a planned deficit of 6.1 billion manat. Meanwhile, expenditures of the Fund will exceed its revenue by 1.73 times. According to the decree on the SOFAZ’s 2017 budget, the fund’s expenditure is 14.5 billion manat ($ 8.2 billion US) and revenue is 8.37 billion manat ($ 4.7 billion US). SOFAZ’s deficit for 2017 is $... Read More