President Aliyev approves SOFAZ's 2026 budget

President Ilham Aliyev has signed a decree approving the 2026 budget of the State Oil Fund of Azerbaijan (SOFAZ), Report informs.

Under the decree, SOFAZ's budget revenues for next year are projected at 13.03 billion manats ($7.66 billion), which is 9.8 percent lower than this year, while budget expenditures are forecast at 13.02 billion manats, down 11 percent.

The state budget for 2026 envisages a transfer from the fund amounting to 12.84 billion manats ($7.55 billion). This figure is 11.4 percent lower compared to the approved forecast for 2025.