Azerbaijani President approves SOFAZ's 2025 budget

Azerbaijani President Ilham Aliyev has signed an order approving the 2025 budget for the State Oil Fund of Azerbaijan (SOFAZ), Report informs.

According to the order, SOFAZ's revenues for the coming year have been set at over 14.452 billion manats (just over $8.5 billion), while expenses are projected to exceed 14.640 billion manats (just over $8.61 billion). These figures represent increases of 19.7% and 13.5%, respectively, compared to the current year.