BAKU, Azerbaijan, June 25. The State Oil Fund of Azerbaijan (SOFAZ) totally transferred $118.2 billion to the state budget from 2021 through 2022, Trend reports via annual report of SOFAZ for 2022.
Besides, during the reporting period, SOFAZ allocated $11.2 billion to finance projects of national importance.
According to the report, from 2010 through 2021, the share of transfers from SOFAZ in the total revenues of the state budget of Azerbaijan was 50 percent, and in 2022 - 25.8 percent. The actual volume of transfers from SOFAZ to the state budget amounted to 7.9 billion manat ($4.6 billion).
The assets of the state fund last year equaled $49.03 billion. In the structure of the investment portfolio, the share of securities with a stable yield is 62.1 percent or $30.4 billion.
