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SOFAZ to increase financial returns next year
Finance
- 28 November, 2022
- 12:43
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In 2023, the annual return on the finances of the State Oil Fund (SOFAZ) will be 2.05%, up 0.35% from 2022's forecast, Report informs, citing an opinion of the Chamber of Accounts on SOFAZ's budget for 2023.
SOFAZ plans to make a 1.56% return on debt obligations and money market instruments (0.86 percentage points more than this year's forecast), 3.64% on the stock portfolio (1.06 percentage points less), and 5% on the real estate portfolio ( 0.2 percentage points less) next year.
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