SOFAZ budget revenues exceed forecasts

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Azer News

By Trend Budget revenues of the State Oil Fund of Azerbaijan (SOFAZ) for2021 reached 15.9 billion manat ($9.3 billion), while expensesamounted to 11.38 billion manat ($6.69 billion), Trend reports via the opinion of the AzerbaijanChamber of Accounts on the annual report on the execution of theSOFAZ budget for last year. According to the opinion, in the reporting year, the fund’sbudget revenues increased by 6.64 billion manat ($3.91 billion) or70.77 percent, while expenses decreased by 1.04 billion manat ($610million) or 8.39 percent, compared to 2020 when the revenues andexpenses equaled 9.36 …

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