Ilham Aliyev, the President of the Republic of Azerbaijan signed on December 25, 2009 the Decree approving budget of the State Oil Fund of the Republic of Azerbaijan for the year 2010 including 5 963 126.7 thousand manats in revenues and 5 428 431.2 thousand manats in expenditures as followings:
|
N |
Revenues |
Amount |
|
1 |
Proceeds from sales of the Republic of Azerbaijan's share of hydrocarbons (exclusive of hydrocarbons' transportation costs, banking expenses, customs costs, independent surveyor, marketing and insurance costs, and also exclusive of the revenues from the SOCAR's share in the projects of which it is an investor, shareholder or partner)
|
5 564 476.9 |
|
2 |
Dividends from realizing of oil and gas projects (from BTC)
|
155 813.8 |
|
3 |
Revenues from management of SOFAZ's assets
|
241 936.0 |
|
4 |
Other revenues
|
900.0 |
|
|
Total
|
5 963 126.7 |
|
N |
Directions of expenditures |
Amount |
|
1 |
The expenditures for financing some projects concerning solution of the social and settlement problems of the refugees and internally displaced persons
|
80 000.0 |
|
2 |
Transfer to 2010 State Budget of the Republic of Azerbaijan
|
4 915 000.0 |
|
3 |
Financing construction of the Oguz-Qabala-Baku water supply system
|
200 000.0 |
|
4 |
Financing the reconstruction of the Samur-Absheron irrigation system
|
110 000.0 |
|
5 |
Financing "Baku-Tbilisi-Kars railway" project
|
80 000.0 |
|
6 |
Financing "State Programme on education of Azerbaijan youth in foreign countries in 2007-2015"
|
10 000.0 |
|
7 |
Oil Fund's operating expenditures
|
33 431.2 |
|
|
Total
|
5 428 431.2 |
Approval of the Budget followed the procedures laid out in the Funds Statutory Regulations and Budgetary Regulations.
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