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How much oil money will Azerbaijan forego?
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How much oil money will Azerbaijan forego?
The volume of the transfer from the State Oil Fund of Azerbaijan (SOFAZ) to the state budget will decrease by 1.7 billion manats. This was announced by Minister of Finance Sahil Babayev during the Milli Majlis plenary session discussing the 2026 draft state budget. According to him, state budget revenues for 2026 are projected at 38.6 billion manats. Of this amount, 22.2 billion manats — or 57.4% — are expected from the non-oil sector, which is …
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