By Fifth Reduced Tax Revenues of SOCAR

By November 1 the State Oil Company SOCAR transferred in the form of taxes to the state budget 1 billion 271 million 276 thousand manat (minus 18.8% in comparison with January - October last year, when it was 1 billion 564 million 548 thousand manat). Of these funds in October it had 136 million 31 thousand manat.

AZN 115,417,000 was transferred to the State Social Protection Fund (SSPF) under the compulsory social insurance (minus 3%), of which in October - 11 million 194 thousand manat.

Recall, according to government estimates, SOCAR will transfer to the state budget by the end of the year 1.5 billion manat (at the end of last year it was 1 billion 855 million 230 thousand manat). --17D-

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