Main directions of SOFAZ expenditures and investment policy made public
Main directions of SOFAZ expenditures in 2017 and investment policy have been made public.
APA reports that the president Ilham Aliyev has issued a relevant order.
The directions of expenditures:
Financing the several measures on social condition of refugees and IDPs;
Transfer to 2017 State Budget of the Republic of Azerbaijan
Transfer to the Central Bank of the Republic of Azerbaijan for ensuring macroeconomic stability
Financing the reconstruction of the Samur-Absheron irrigation system
Financing "Baku-Tbilisi-Kars railway" project
Financing the "State Programme on the Education of Azerbaijani Youth abroad in the years 2007-2015"
Financing the share of the Republic of Azerbaijan in Southern Gas Corridor projects
As for SOFAZ investment policy, in 2017 the Fund will pursue investment policy allowing to get maximum yield under the condition of low-risk of losing of the fixed capital. Forecasted total value of SOFAZ investment portfolio for 2017 makes up AZN 51.24 billion.