of January 10, 2017 No. 1186
About the budget of the State oil fund of the Azerbaijan Republic for 2017
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 2017 and ensuring effective management of currency fund I decide:
1. Approve budget receipts of the State oil fund of the Azerbaijan Republic for 2017 in the amount of 10 813 861, 6 thousand manats, expenses - in the amount of 15 242 928, 0 thousand manats.
2. Determine that budget receipts of the State oil fund of the Azerbaijan Republic for 2017 are created due to the following receipts:
|
№ |
Sources of the income |
Amount of the income |
|
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) |
9 826 212,0 |
|
2.2. |
The Poakrovy payments paid by investors for use of contract area in connection with development of hydrocarbonic resources |
3 605,5 |
|
2.3. |
Income from oil transportation and gas on the territory of the Azerbaijan Republic |
17 688,5 |
|
2.4. |
Income from placement of currency assets of the State oil fund and management of them |
963 948,0 |
|
2.5. |
The bonuses paid by investors in connection with signing or implementation of oil and gas contracts |
2 407,6 |
|
|
Total |
10 813 861,6 |
3. Determine that expenses of the budget of the State oil fund of the Azerbaijan Republic for 2017 go to the following purposes:
|
№ |
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 |
105 000,0 |
|
3.2. |
Upper limit of transfer in the government budget of the Azerbaijan Republic for 2017 |
6 100 000,0 |
|
3.3. |
Upper limit of transfer in the Central Bank of the Azerbaijan Republic for the purpose of ensuring macroeconomic stability |
7 500 000,0 |
|
3.4. |
Financing of the project of reconstruction of irrigating system Samur-Absheron |
70 000,0 |
|
3.5. |
Financing of the project of the new railroad of Baku-Tbilisi-Kars |
165 825,0 |
|
3.6. |
Financing of the State program on training of the Azerbaijani youth in foreign countries in 2007-2015 |
29 304,0 |
|
3.7. |
Financing of share of the Azerbaijan Republic in the project of "The southern gas corridor" |
496 155,0 |
|
3.8. |
Financing of share of the Azerbaijan Republic in the construction project of petrochemical complex of STAR in the Republic of Turkey |
744 072,0 |
|
3.9. |
The expenses connected with management of the State oil fund of the Azerbaijan Republic |
32 572,0 |
|
Total |
15 242 928,0 |
3-1. Approve "The main directions (program) of use of means of the State oil fund of the Azerbaijan Republic in 2017 and its investment policy".
4. Approve "Expense budget on management of the State oil fund of the Azerbaijan Republic in 2017". it (is applied).
President of the Azerbaijan Republic
Ilham Aliyev
Approved by the Presidential decree of the Azerbaijan Republic of May 12, 2017 No. 1378
1. Directions of expenses of means of the State oil fund of the Azerbaijan Republic
1.1. Financing of some measures connected with social questions and questions of accommodation of refugees and displaced persons;
1.2. Transfer in the government budget of the Azerbaijan Republic for 2017;
1.3. Transfer in the Central Bank of the Azerbaijan Republic for the purpose of ensuring macroeconomic stability;
1.4. Financing of the project of reconstruction of Samur-Absheronsky irrigating system;
1.5. Financing of the project of the new railroad of Baku-Tbilisi-Kars;
1.6. Financing of the State Program on training of the Azerbaijani youth in foreign countries in 2007-2015;
1.7. Financing of share of the Azerbaijan Republic in projects of the Southern Gas Corridor;
1.8. Financing of share of the Azerbaijan Republic in the construction project of petrochemical complex of STAR in the Republic of Turkey.
2. Investment policy of the State oil fund of the Azerbaijan Republic
2.1. Purpose of investment policy of the State oil fund of the Azerbaijan Republic
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