SOFAZ to increase budget transfers next year

The State Oil Fund of Azerbaijan (SOFAZ) is planned to transfer AZN 11,767,500,000 to the state budget in 2020, up 3.55% from 2019, Report informs citing Finance Ministry.

In 2020, AZN 13,947,500,000 or 57% of budget revenues will come from oil, AZN 10,536,500,000 or 43% from non-oil fields.