BAKU, Azerbaijan, April 18. The amount transferred from the State Oil Fund of the Republic of Azerbaijan (SOFAZ) to the state budget exceeded the figure from the same period last year by 425 million manat ($250 million), marking an increase of 13.3 percent in the first quarter of 2025.
Data obtained by Trend from the Ministry of Finance indicates that specifically, revenues through tax authorities grew by 98.9 million manat ($58.1 million) or 2.3 percent, revenues from the lease of state property increased by 1.2 million manat ($705,800) or 13 percent, and income from paid services of organizations financed from the state budget, along with other sources, rose by 13.5 million manat ($7.9 million) or 4.9 percent.
Azerbaijan's state budget revenues for the first quarter of this year surpassed projections, reaching 9.73 billion manat ($5.72 billion), which is 171.3 million manat ($100.7 million) (1.8 percent) more than forecasted. Compared to the same period in 2024, the revenues increased by 5.4 percent, or 499.2 million manat ($293.6 million).
Data indicates that these figures account for 25.4 percent of the projected annual revenue for the current year.
Meanwhile, state budget expenditures amounted to 8.11 billion manat ($4.7 billion), which corresponds to 19.6 percent of the planned annual budget.
