12:49 - 23.10.2025

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October 23, Fineko/abc.az. The extra-budgetary revenues of the State Oil Fund of Azerbaijan (SOFAZ) for the past 9 months due to the difference caused by changes in exchange rates totaled 15.66 bn manats.

ABC.AZ informs that the observed growth of SOFAZ assets was mainly linked with income from the management of finances and extra-budgetary revenues.

"From angle of financial markets, the comparatively calm economic and market environment observed in the third quarter led to a drop in the volatility of government bond yield rates compared with previous quarters. The 10-year government bonds of the eurozone and the UK showed an upward trend in yields, while the U.S. showed a downward trend. SOFAZ’s income from debt obligations also increased due to high interest income.

Global stock markets performed strongly in the third quarter, continuing the upward trend seen in the previous quarter. As a result of the growth, which occurred mainly in the U.S. markets, the main indexes showed high returns. This positive trend made a significant contribution to SOFAZ's income from the stock markets during the quarter.

The gold market has demonstrated high profitability, constantly updating historical highs in the reporting period. Ongoing uncertainty on a global scale, large purchases by central banks, and current demand from other sources have driven gold prices higher. Consequently, these factors significantly improved the performance of SOFAZ’s gold sub-portfolio and contributed to growth of extra-budgetary revenues," the statement says.