Oil Fund transferred AZN 100 bn to Azerbaijanəs budget for 17 years


July 9, Fineko/abc.az. The State Oil Fund has released an annual report.

ABC.AZ informs with reference to SOFAZ’s report that the Fund transferred AZN 99.9 bn to the State Budget in 2003-2019.

The report says that during this period SOFAZ’s total budget expenditures amounted to AZN 112.4 bn and transfers made up 88.9% of those expenditures.

Last year State Budget revenues reached AZN 24.218 bn, of which AZN 11.364 bn or 46.9% were transferred to SOFAZ.