ECONOMY
SOFAZ transfers some 6 bln to state budget
Baku, January 28 (AZERTAC). As per 2010 budget of the State Oil Fund of Azerbaijan, 5915.0 mln. manats were transferred to the state budget, Executive Director of the State Oil Fund of Azerbaijan Shahmar Movsumov told a press conference.
The expenditures in the amount of 104.9 mln. manats were directed to financing of settlement of the problems of refugees and internally displaced persons, 131.0 mln. manats and 199.6 mln. manats were accordingly used for financing the reconstruction of the Samur-Absheron irrigation system and financing construction of the Oghuz-Gabala-Baku water supply system, 9.6 mln. manats to financing "The state program on the education of Azerbaijan youth abroad in the years 2007-2015" and 12.4 mln. manats were directed to financing Baku-Tbilisi-Kars railway. The Fund's administrative and operational expenses in this period were 14.0 mln. manats.
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