SOFAZ transferred AZN 100B to state budget in 17 years 

SOFAZ transferred AZN 100B to state budget in 17 years  Transfers constituted 88.9% of expenditures.
Finance
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July 9, 2020 16:45
SOFAZ transferred AZN 100B to state budget in 17 years 
Report

The State Oil Fund of Azerbaijan (SOFAZ) transferred AZN 99.9 billion or $99.7 billion to the state budget in 2003-2019, Report informs, referring to the Fund’s financial statement.

During this period, SOFAZ’s budget expenditures amounted to AZN 112.4 billion, and transfers constituted 88.9% of these expenditures.

The lowest amount of transfers was in 2003 (AZN 100 million), the highest – in 2019 (AZN 11.364 billion).