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Azerbaijan's SOFAZ shares amount of transfer to state budget

Economy Materials 26 October 2022 11:04 (UTC +04:00)
Azerbaijan's SOFAZ shares amount of transfer to state budget
Sadraddin Aghjayev
Sadraddin Aghjayev
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BAKU, Azerbaijan, October 26. The State Oil Fund of Azerbaijan (SOFAZ) transferred over 6.5 billion manat ($3.8 billion) to the state budget from January through September 2022, Trend reports on October 26 via SOFAZ.

According to the fund, its off-budget expenditures due to the difference caused by the exchange rate updates exceeded 4.18 billion manat ($2.46 billion).

In the first nine months of this year, the fund's income amounted to almost 11.36 billion manat ($6.68 billion), and expenses - 6.56 billion manat ($3.86 billion).

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