Azerbaijan’s State Oil Fund transferred 9.628 billion manats (about $5.664 billion) to the state budget in January-September 2026, accounting for nearly all of its budget spending during the period.
The fund, known as SOFAZ, held assets of $74.004 billion as of Oct. 1, up 0.6% from the beginning of the year, Report said, citing the fund.
Nine-month budget revenue totaled 12.3413 billion manats (about $7.260 billion). Of that, oil and gas revenue accounted for 8.7406 billion manats (about $5.142 billion), while income from managing assets totaled 3.6007 billion manats (about $2.118 billion).
Budget expenditure came to 9.6812 billion manats (about $5.695 billion), with the state budget transfer making up almost the entire amount.
Separately, SOFAZ allocated 21.9 million manats (about $12.88 million) to a program supporting young Azerbaijanis studying at universities abroad. It spent 3.6 million manats (about $2.12 million) on a program to improve the international competitiveness of higher education and 2.2 million manats (about $1.29 million) on international dual-degree programs.
Administrative expenses totaled 25.5 million manats ($15 million).
Dollar equivalents are calculated at the Central Bank’s official rate of 1.7 manats to the dollar.
Source: Vesti Baku.