Ministry of Finance earns $12 million at expense of SOFAZ

Ministry of Finance earns $12 million at expense of SOFAZ As of October 1, 2022, the amount of funds provided by the Ministry of Finance to the State Oil Fund of Azerbaijan (SOFAZ) for management was $2,012,353,000 million, said the review of the Accounting Chamber on the Fund's budget for 2023, Report informs.
Finance
November 28, 2022 17:06
Ministry of Finance earns $12 million at expense of SOFAZ

As of October 1, 2022, the amount of funds provided by the Ministry of Finance to the State Oil Fund of Azerbaijan (SOFAZ) for management was $2,012,353,000 million, up $726.653 million or 56.5% from the beginning of the year, said the opinion of the Chamber of Accounts on the Fund's budget for 2023, Report informs.

In January-September, the Ministry of Finance earned $12.373 million or 0.6% of its managed funds at the expense of SOFAZ.

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