In the first quarter of 2025, the income from the management of the assets of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) amounted to 232 million AZN, SOFAZ told APA-Economics.
Off-budget income resulting from exchange rate differences totaled 4,999 million AZN for the reporting period.
Within the framework of the 2025 budget execution, 3,620.3 million AZN was transferred from SOFAZ to the state budget. In January–March 2025, 1.1 million AZN was allocated for financing the “State Program on Enhancing the International Competitiveness of the Higher Education System in the Republic of Azerbaijan for 2019–2023,” and 14.9 million AZN was allocated for the “State Program for the Education of Youth in Prestigious Foreign Higher Education Institutions for 2022–2028.” During the same period, SOFAZ's administrative expenses amounted to 7.0 million AZN.
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