Document from CIS Legislation database © 2003-2021 SojuzPravoInform LLC

PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of December 29, 2015 No. 719

About the budget of the State oil fund of the Azerbaijan Republic for 2016

(as amended of the Presidential decree of the Azerbaijan Republic of 18.03.2016 No. 852)

Being guided by Item 32 of article 109 of the Constitution of the Azerbaijan Republic, for the purpose of forming of the budget of the State oil fund of the Azerbaijan Republic for 2016 and ensuring effective management of currency fund I decide:

1. Approve budget receipts of the State oil fund of the Azerbaijan Republic for 2016 in the amount of 4 578 474, 6 thousand manats, expenses - in the amount of 10 668 933, 7 thousand manats.

2. Determine that budget receipts of the State oil fund of the Azerbaijan Republic for 2016 are created due to the following receipts:

Sources of the income

Amount of the income
(one thousand manats)

2.1.

The net incomes gained from realization of the hydrocarbons falling to the share of the Azerbaijan Republic (less transport costs of hydrocarbons, expenses on bank, customs clearance, independent control (surveyor), marketing and insurance, and also except for the income falling on investments or equity of the State Oil Company of Azerbaijan Republic in projects in which it is investor, the unitholder or the partner)

3 875 682,4

2.2.

The Poakrovy payments paid by investors for use of contract area in connection with development of hydrocarbonic resources

3 402,0

2.3.

Income from oil transportation and gas on the territory of the Azerbaijan Republic

19 278,0

2.4.

Income from placement of currency assets of the State oil fund and management of them

679 950,2

2.5.

The bonuses paid by investors in connection with signing or implementation of oil and gas contracts

162,0


Total

4 578 474,6

3. Determine that expenses of the budget of the State oil fund of the Azerbaijan Republic for 2016 go to the following purposes:

Serial No.

Directions of expenses

Expense amount
(one thousand manats)

3.1.

Financing of some measures connected with social questions and questions of arrangement of refugees and displaced persons

90000,0

3.2.

Transfer in the government budget of the Azerbaijan Republic for 2016

7615000,0

3.3.

Financing of the project of reconstruction of Samur-Absheronsky irrigating system

70000,0

3.4.

Financing of the project of the new railroad of Baku-Tbilisi-Kars

137621,7

3.5.

Financing of the State program on training of the Azerbaijani youth in foreign countries in 2007-2015

36558,0

3.6.

Financing of share of the Azerbaijan Republic in the project of the Southern gas corridor

2355318,0

3.7.

Financing of share of the Azerbaijan Republic in the construction project of petrochemical complex of STAR in the Republic of Turkey

331776,0

3.8.

The expenses connected with management of the State oil fund of the Azerbaijan Republic

32660,0


Total

10668933,7

4. Approve "The main directions (program) of use of means of the State oil fund of the Azerbaijan Republic in 2016".

5. Approve "Expense budget on management of the State oil fund of the Azerbaijan Republic in 2016".

Expense budget on management of the State oil fund of the Azerbaijan Republic in 2016

Serial No.

Expenses

Code

Amount

1.

Compensation

210000

6,078,280

2.

Purchase of goods (works and services)

220000

4,273,448

3.

Grants and other payments

260000

636,700

4.

Pensions and social benefits

270000

100,000

5.

Other expenses

280000

11,245,950

5.1.

Rent and hired services

281400

86,000

Warning!!!

This is not a full text of document! Document shown in Demo mode!

If you have active License, please Login, or get License for Full Access.

With Full access you can get: full text of document, original text of document in Russian, attachments (if exist) and see History and Statistics of your work.

Get License for Full Access Now

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

Effectively work with search system

Database include more 50000 documents. You can find needed documents using search system. For effective work you can mix any on documents parameters: country, documents type, date range, teams or tags.
More about search system

Get help

If you cannot find the required document, or you do not know where to begin, go to Help section.

In this section, we’ve tried to describe in detail the features and capabilities of the system, as well as the most effective techniques for working with the database.

You also may open the section Frequently asked questions. This section provides answers to questions set by users.

Search engine created by SojuzPravoInform LLC. UI/UX design by Intelliants.