SOFAZ fulfills H122 budget forecast by 73% 

In the first six months of 2022, the State Oil Fund of Azerbaijan (SOFAZ) transferred 4.648 billion manats ($2.63 billion), down 26.9% from the forecast, 1% from a year earlier, Report informs, citing the Finance Ministry.

“During the reporting period, the positive dynamics observed in the budget transfers by the tax and customs authorities allowed SOFAZ to cut the budget transfers by 1,712 million manats ($1.01 billion).