| President of Azerbaijan Heydar Aliyev signed on January 27, 2003 the Decree approving 2003 budget of the State Oil Fund of the Republic of Azerbaijan including 1,219,516 million manats in revenues and 1,217,755 million manats in expenditures as follows below: |
| No. | Revenues | Amount
(in million manats) | 1 | Revenues generated from the sales of crude oil that falls on the share of the Republic of Azerbaijan (net of fees envisaged by the law) | 735 000 | 2 | Bonus payments | 326 873 | 3 | Acreage payments | 46 975 | 4 | Rental fees for the use of state property under the contracts signed with foreign companies | 2 400 | 5 | Revenues from the management of the State Oil Fund's assets | 45 868 | 6 | Other income and revenues |1| | 62 400 |
| Total: | 1 219 516 |
|
| No. | Revenues | Amount
(in million manats) | 1 | Revenues generated from the sales of crude oil that falls on the share of the Republic of Azerbaijan (net of fees envisaged by the law) | 735 000 | 2 | Bonus payments | 326 873 | 3 | Acreage payments | 46 975 | 4 | Rental fees for the use of state property under the contracts signed with foreign companies | 2 400 | 5 | Revenues from the management of the State Oil Fund's assets | 45 868 | 6 | Other income and revenues |1| | 62 400 |
| Total: | 1 219 516 |
|
|1| Approval of the Decree followed procedures laid out in the Funds Statutory Regulations and Budgetary Regulations. |
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