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Last week’s laws, orders and decrees in Azerbaijan (May 19-23)

Analysis Materials 27 May 2014 13:43 (UTC +04:00)

Azerbaijani president approves execution of State Oil Fund budget

Azerbaijani President Ilham Aliyev signed a decree on executing the budget of the State Oil Fund of Azerbaijan (SOFAZ) in 2013.

According to the decree, taking into account the conclusion of SOFAZ's Supervisory Board and the results of the audit of SOFAZ's financial activity conducted by the influential international audit organization, the president approved the execution of SOFAZ's budget given that revenues hit 13,600,400 manat, expenses - 12,302,663 manat.

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