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Azerbaijani Oil Fund: Fiscal Consolidation, Volatility and Oil Wealth
(Center for Economic and Social Development, 2017-05-03)
The execution of the State Oil Fund of Azerbaijan's (SOFAZ) 2016 budget has been approved. According to a Presidential decree, SOFAZ's revenue was 9.410 billion manat ($5.881 billion USD) and expenditure was 9.022 billion manat ($5.638 billion USD). ...