Income sources

Amount
(in thousand manats)

Proceeds from sales of the Republic of Azerbaijan's share of hydrocarbons (deducts the costs of hydrocarbons transportation, banking expenses, customs clearances, 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)

7550705.3

Acreage fees paid by foreign investors for use of the contract areas for the development of hydrocarbon resources

3465.0

Revenues from transportation of oil and gas through the territory of the Republic of Azerbaijan

16830.0

Revenues from SOFAZ's asset management

799094.6

Bonuses paid by the investors due to the signature or implementation of oil and gas contracts

495.0

Total

8370589.9

Directions of expenditures

Amount
(in thousand manats)

Financing the improvement of social condition of refugees and IDPs

90 000.0

Upper bound of the transfer to 2017 State Budget of the Republic of Azerbaijan

6100000.0

Upper bound of the transfer to the Central Bank of the Republic of Azerbaijan for ensuring macroeconomic stability

7500000.0

Financing the reconstruction of the Samur-Absheron irrigation system

70000.0

Financing "Baku-Tbilisi-Kars railway" project

165825.0

Financing the "State Programme on the Education of Azerbaijani Youth abroad in the years 2007-2015"

29304.0

Financing the share of the Republic of Azerbaijan in Southern Gas Corridor projects

496155.0

Administrative expenses of the State Oil Fund of the Republic of Azerbaijan

32572.0

Total

14483856.0