11:31 - 29.12.2024

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December 29, Fineko/abc.az. In 2025, revenues of the State Oil Fund (SOFAZ) are expected to reach 14.45 billion manats, and 9.797 billion manats or 67.8% of them will be net revenues from oil and gas sales.

ABC.AZ Informs that this is an increase of 20.3% versus 2024.

SOFAZ's expenditures next year will amount to 14.64 billion manats, and 14.48 billion manats or 98.9% of them will be transfers to the State Budget (13.3% more than this year). In addition, the Fund will allocate 24.7 million manats (26.3% less) for the State Program to increase international competitiveness of the higher education system for 2019-2023, 90.8 million manats (92.1% more) for the State Program for youth education in prestigious foreign higher education institutions for 2022-2026, and for its own management - 43.7 million manats (14.25% more).