The State Oil Fund of the Republic of Azerbaijan (SOFAZ) considered at 5,041.5 million manat or 40.7% fewer revenues than the approved forecast for the current year, Report informs, citing SOFAZ’s revised draft budget for 2020.
The fund’s expenses are 850 million manats or 7.4% more than oil price forecast for this year.
Thus, SOFAZ’s spendings are expected to be 12,410.0 million manat, revenues – 7,342.6 million manats. The budget will have a deficit of 5,067.4 million manats.
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