PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of May 12, 2017 No. 1378

About modification of the Presidential decree of the Azerbaijan Republic "About the budget of the State Oil Fund of the Azerbaijan Republic for 2017" of January 10, 2017 No. 1186

Being guided by Item 32 of article 109 of the Constitution of the Azerbaijan Republic, I decide:

In the Presidential decree of the Azerbaijan Republic "About the budget of the State Oil Fund of the Azerbaijan Republic for 2017" of January 10, 2017 No. 1186 (Collection of the legislation of the Azerbaijan Republic, 2017, No. 1, Article 33) to add Item 3.1 of the following content:

"3-1. Approve "The main directions (program) of use of means of the State Oil Fund of the Azerbaijan Republic in 2017 and its investment policy.".

Approved by the Presidential decree of the Azerbaijan Republic of May 12, 2017 No. 1378

The main directions (program) of use of means of the State Oil Fund of the Azerbaijan Republic in 2017 and its investment policy

1. Directions of expenses of means of the State Oil Fund of the Azerbaijan Republic

1.1. Financing of some measures connected with social questions and questions of accommodation of refugees and displaced persons;

1.2. Transfer in the government budget of the Azerbaijan Republic for 2017;

1.3. Transfer in the Central Bank of the Azerbaijan Republic for the purpose of ensuring macroeconomic stability;

1.4. Financing of the project of reconstruction of Samur-Absheronsky irrigating system;

1.5. Financing of the project of the new railroad of Baku-Tbilisi-Kars;

1.6. Financing of the State Program on training of the Azerbaijani youth in foreign countries in 2007-2015;

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

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