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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Azerbaijan Oil Fund’s budget surplus forecasted to be AZN 335 mln

Posted on 09 October 2013

The State Oil Fund of Azerbaijan (SOFAZ) will have a budget surplus. According to the forecast of the consolidated budget, in 2014 SOFAZ revenues will amount to AZN 11.626 bn and expenditures AZN 11.29 bn.
“Fund’s transfer to the State Budget will total AZN 9.337 bn and investment expenditures AZN 1.9 bn,” the draft consolidated budget says. As a result, the SOFAZ will have a surplus of AZN 335.1 million in 2014………………………………………..Full Article: Source


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