President Aliyev approves funding for renovation work in Gobustan
President Ilham Aliyev has signed an order to provide funding for continuation of renovation works in the Azerbaijani city of Gobustan.
Under the presidential order, three million manats are allocated from the Presidential Contingency Fund for renovation work.
Speaker: 268 laws, decisions passed at Azerbaijani parliament
Summer and extraordinary sessions of the Azerbaijani parliament were completed successfully, said the parliament’s speaker, Ogtay Asadov, at a plenary session.
Asadov noted that necessary measures were taken in order to support the Azerbaijani president’s far-sighted policy at the parliamentary level.
The speaker said 268 laws and decisions were passed during the summer and extraordinary sessions of the parliament.
Members of the parliament actively participated in international events, he said, adding that meanwhile, events of several international organizations were held through the Azerbaijani parliament.
Asadov expressed confidence that the autumn session of the parliament will also be successful.
Ilham Aliyev allocates 2M manats to Azerbaijan Volleyball Federation
President Ilham Aliyev has signed an order to provide allowance to Azerbaijan Volleyball Federation as the national team put up successful performance at recent CEV Volleyball European Championship – Women.
Under the presidential order, two million manats are allocated from the Presidential Contingency Fund to Azerbaijan Volleyball Federation in recognition of the national team’s successful performance at the European Championship and contribution to the development of volleyball in the country.
SOFAZ revenues, expenditures increased
Azerbaijan’s President Ilham Aliyev signed a decree on Oct. 4 amending the "Decree on the Budget of the State Oil Fund of Azerbaijan for 2017”.
According to the decree, SOFAZ’s budget revenues increase from 8,370,589,800 to 10,813,861,600 manats, expenditures – from 14,483,856,000 to 15,242,928,000 manats.
In the SOFAZ incomes, the forecast on revenues from the sale of profitable oil and gas has been increased from 7,550,705,300 manats to 9,826,212,000 manats, forecast on acre payments – from 3,465,000 manats to 3,605,500 manats, forecast on income from oil and gas transit through the territory of Azerbaijan – from 16,830,000 manats to 17,688,500 manats.
Meanwhile, the forecast on revenues of the Fund from the placement and management of assets has been increased from 799,094,600 manats to 963,948,000 manats, and the forecast on bonuses paid by investors within oil and gas agreements, or in connection with their implementation – from 495,000 manats to 2,407,600.
A lion’s share in SOFAZ expenditures still accounts for transfers to the Central Bank of Azerbaijan in order to ensure macroeconomic stability in the country. The volume of transfers has remained unchanged – 7.5 billion manats. Transfers to the state budget of Azerbaijan are again approved at 6.1 billion manats.
Expenditures for improvement of living conditions of refugees have been increased from 90 million manats to 105 million manats. Expenditures for reconstruction of the Samur-Absheron irrigation system has remained unchanged – at 70 million manats, costs within the Baku-Tbilisi-Kars railway construction project – at 165,825,000 manats, costs of financing the state program on education of Azerbaijani youth abroad in 2007-2015 – at 29,304,000 manats.
Expenditures for financing the state’s share in the Southern Gas Corridor projects have also remained unchanged – at 496.155 million manats, and the costs of the Fund management – at 32.572 million manats. Moreover, the updated budget of the State Oil Fund envisages expenditures for financing the state’s share in construction of STAR refinery in Turkey at 744.072 million manats.
President approves funding for construction of Damirchi-Lahij road
Azerbaijani President Ilham Aliyev has signed an order to provide funding for construction of Damirchi-Lahij road connecting two villages in Shamakhi and Ismayilli districts.
Under the presidential order, AZN3 million is allocated from the Presidential Contingency Fund for the building of the 22km-long road.
Funding approved for construction of new school in Lahij village
Azerbaijani President Ilham Aliyev has signed an order to provide funding for the building of a new school in Lahij village in Ismayilli district. Under the presidential order, AZN3.5 million is allocated from the Presidential Contingency Fund for the construction of the 400-seat school.
Azerbaijani president approves funding for construction of road in Goychay district
Azerbaijani President Ilham Aliyev has signed an order to provide funding for construction of Bigir-Jirgurd-Shakar-Veysalli-Alikand-Mirti road in Goychay district. Under the presidential order, AZN6.4 million is allocated from the state budget for the building of the road connecting six residential areas with a total population of 11,000.