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SOFAZ 2008 budget execution approved

Oil&Gas Materials 2 July 2009 13:29 (UTC +04:00)

Azerbaijan, Baku, July 2 / Trend /

The President of Azerbaijan approved the execution of the 2008 budget of the State Oil Fund of the Republic of Azerbaijan.

The revenues of the Fund were executed with 11.9 billion manat or 17 % surplus, and expenditures in the amount of 4.3 billion manat or 2 % less than budgeted expenditures, SOFAZ said on July 2.

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