BAKU, Azerbaijan, September 21. The amount of the transfer from the State Oil Fund (SOFAZ) in the state budget of Azerbaijan for 2024 will amount to 12.8 billion manat ($7.5 billion), the Ministry of Finance said, Trend reports.
According to the information, this is 8.9 percent more than the approved forecast for 2023.
In addition, the planned transfer from SOFAZ is up to 37.9 percent of the projected budget revenues.
In general, the state budget received 2.7 billion manat ($1.6 billion) from the State Oil Fund of Azerbaijan from January through June 2023.