BAKU, Azerbaijan, Mar. 2
By Nargiz Ismayilova - Trend:
Transfers from Azerbaijan’s State Oil Fund (SOFAZ) to the state budget will amount to 11.4 million manat ($6.7 million) in 2020, Executive Director of SOFAZ Israfil Mammadov told Trend.
Mammadov added that SOFAZ plans to continue financing the project on improving the social and living conditions of refugees and internally displaced persons (IDPs) in Azerbaijan for 2020.
To finance this project, SOFAZ has allocated 200,000 manat ($117,647) from its current budget, he said.
The executive director noted that a new educational state program has recently been approved to increase the international competitiveness of the higher education system in Azerbaijan for 2019-2023.
“This project is aimed at financing the training of future scientists in doctoral programs at leading world universities, as well as a number of selected joint programs developed within the framework of the agreements between Azerbaijani and international universities. The amount of expenditures under this budget envisaged for 2020 is 10 million manat [$5.8 million],” Mammadov added.
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