SOFAZ transfer to State Budget decreased


January 21, Fineko/ In 2021, the State Oil Fund of Azerbaijan (SOFAZ) transferred AZN 11.35 bn to the State Budget against the forecast of AZN 12.2 bn.

The Finance Ministry informs that the positive dynamics of transfers to the State Budget from tax and customs authorities in 2021 and the expected performance indicators on expenditures at the end of the year allowed the use of AZN 850 million or 7% less than the envisaged transfers to the State Budget from SOFAZ.