SOFAZ to spend AZN15 million on wages next year

In 2022, the costs associated with the management of the State Oil Fund (SOFAZ) will amount to AZN33,989,000, Report informs, citing the Accounting Chamber.

According to the department, this is 17.6% more than the forecast for 2021.

SOFAZ's expenditures on wages will make AZN15,348,000 or about 44% of expenses for next year. The fund will spend AZN15,242,000 on purchases, AZN61,000 on social payments, and AZN3,338,000 on non-financial assets.