Bank Of Baku

SOFAZ fully fulfills its state budget obligations last year

SOFAZ fully fulfills its state budget obligations last year
# 27 January 2026 10:54 (UTC +04:00)

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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