BAKU, Azerbaijan, June 9
By Zeyni Jafarov - Trend:
The receipts from dividends in the Azerbaijani state budget for 2020 received from enterprises the shares of which belong to the state amounted to 2.8 million manat ($1.6 million), Trend reports on June 9 referring to the conclusion of the Chamber of Accounts of Azerbaijan on the execution of the 2020 state budget.
Azerlotereya OJSC paid dividends to the state budget in the amount of one million manat ($588,235) in 2020, thereby fulfilling the plan by 100 percent. Agrarkredit CJSC paid 153,000 manat ($90,000) compared to the plan of 180,000 manat ($105,882).
Moreover, the International Bank of Azerbaijan transferred 150 million manat ($88.2 million) to the state budget, and taking into account the fact that the number of shares owned by the state is 95.15 percent, the number of dividends to the state amounted to 142.7 million manat ($83.9 million).
This amount is used to pay off the debt obligations of Agrarkredit CJSC on securities issued by a non-bank credit institution under a state guarantee.
In general, the state-owned companies and banks of Azerbaijan with the state share in the capital last year transferred dividends worth 151.1 million manat ($88.9 million) to the state budget of the country.
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