SOFAZ fully implements its budget commitment in 1H2024

SOFAZ fully implements its budget commitment in 1H2024 The State Oil Fund of Azerbaijan (SOFAZ) transferred over 6.390 billion manats (over $3.759 billion) to the state budget in the first half of 2024, which is the same as the forecast, Report informs, citing Azerbaijan’s Finance Ministry.
Finance
July 16, 2024 18:52
SOFAZ fully implements its budget commitment in 1H2024

The State Oil Fund of Azerbaijan (SOFAZ) transferred over 6.390 billion manats (over $3.759 billion) to the state budget in the first half of 2024, which is the same as the forecast, Report informs, citing Azerbaijan’s Finance Ministry.

The obtained data shows that this is an increase of 2.4 times compared to the corresponding period of 2023.

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