AZ

SOFAZ fully fulfills its state budget obligations last year

Last year, the State Oil Fund of Azerbaijan (SOFAZ) transferred 14 billion 481 million manats to the state budget, in line with the forecast, APA-Economics reports, citing SOFAZ.

Recall that this indicator is 13,3 % higher than in 2024.

It was noted that 105.5 million manats were allocated to the following ongoing projects in January-December 2025, including:

18.6 million manats for financing the "State Program on Raising Competitiveness of Higher Education in Azerbaijan in 2019-2023",

86.9 million manat for financing the "State Program for the education of young people at prestigious higher education institutions of foreign countries for 2022-2028".

During the period in question, SOFAZ's management expenses amounted to 40.7 million manat.

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