SOFAZ
Baku/04.03.19/ Turan: Revenues of the State Oil Fund of Azerbaijan (SOFAZ) in 2018 amounted to 17 billion 614.1 million manat (an increase of 45.1%), and its expenses were 11 billion 455.6 million manat (an increase of 3.9%), SOFAZ said.
Recall that in 2017, SOFAZ"s revenues amounted to 12 billion 137.5 million manat, and its expenses were 11 billion 15.5 million manat.
In the SOFAZ revenue structure, the revenues from the sale of Azerbaijan"s profitable oil and gas amounted to 16 billion 645.6 million manat, transit income - 18.1 million manat, bonus payments - 765.2 million manat, per acre payments - 4.1 million manat, and revenues from the management of the SOFAZ funds - 181.1 million manat.
In the structure of expenditures over the past year, the largest part fell on transfers to the state budget - 10 billion 959 million manat. In addition, expenditures on improving the living conditions of refugees amounted to 200 million manat, reconstruction of the Samur-Absheron irrigation system - 90 million manat, construction of the Baku-Tbilisi Kars railway - 176.1 million manat, financing the state program on training Azerbaijani youth abroad for the period 2007-2015 - 7.2 million manat, and administrative costs for managing the Fund - 23.3 million manat.
The Fund"s extra-budgetary expenses on exchange difference amounted to 1 billion 557.3 million manat.
According to the Fund, by the end of 2018, SOFAZ"s assets increased by 7.56% to $ 38 billion 515.2 million. -0
Energy
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