Baku 5° C
SOFAZ completes first-quarter budget obligations
Finance
- 08 April, 2025
- 10:34
During the first quarter of 2025, the State Oil Fund of Azerbaijan (SOFAZ) transferred over 3.62 billion manats (approximately $2.13 billion) to the state budget, fully meeting its quarterly commitment, Report informs, citing Azerbaijan’s Ministry of Finance.
This amount represents an increase of 425 million manats (nearly $250 million) or 13.3% compared to the same period last year.
For 2025, SOFAZ is set to transfer a total of 14.481 billion manats (just over $8.518 billion) to the state budget, reinforcing its role in supporting fiscal stability.
Author
Latest News
00:01
Joint press statement by President Ilham Aliyev of the Republic of Azerbaijan and President Antonio Costa of the European Council
Foreign policy23:56
Iran claims it has high-speed underwater-launched missiles
Region23:50
Azerbaijan's contribution to Europe's energy security highlighted at at meeting between President Ilham Aliyev and António Costa
Foreign policy23:42
Azerbaijan, EU mull expanding trade relations based on preferential tariff principles
Foreign policy23:33
Photo
Bahar Muradova talks about Azerbaijan's state policy on women's rights at UN
Foreign policy23:14
Another Azerbaijani wrestler grabs silver at European Championship in Serbia
Individual sports22:52
Azerbaijani wrestler Ali Tcokaev becomes European champion
Individual sports22:40
Photo
President Ilham Aliyev held expanded meeting with President of European Council during official luncheon
Foreign policy22:24