12:29 - 7.01.2021

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January 7, Fineko/abc.az. Earnings from the management of the finances of the State Oil Fund of Azerbaijan (SOFAZ) are forecasted at the level of $446.9 million or AZN 759.717 million this year.

ABC.AZ reports that this is stated in the conclusion of the Accounting Chamber of Azerbaijan on SOFAZ draft budget for 2021.

The forecast indicator is by AZN 2.866 bn or 4.8-fold less than the relevant performance indicator of 2019, AZN 369.4 million or 94.6% more against the forecast indicator of 2020, AZN 798.3 million or 51.2% less versus the forecast performance indicator for 2020.

It is projected that the average annual profitability for 2021 will be 1.09% (by 0.56% more than the forecast indicator for 2020 (0.53%)).