Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-March, 2009 reached 1349.2 million manats, while budget expenditures constituted 1398.7 mln. manats.

Revenue of 1274.5 mln. manats was received from implementation of oil and gas agreements, including 1272.2 mln. manats from the sale of profit oil, 2.1 mln. manats as transit payments, 0.1 mln. manats from State share in the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) Main Export Pipeline and 0.1 mln. from sale of assets received from foreign companies.

The revenues from managing assets of the Fund for the reporting period amounted to 74.7 mln. manats.

As per 2009 budget of the Fund, 1330.0 mln. manats were transferred to the state budget. The expenditures in the amount of 8.4 mln. manats were directed to financing of improvement of social condition of refugees and internally displaced persons, 46.3 mln. manats and 11.3 mln. manats were accordingly used for financing the reconstruction of the Samur-Absheron irrigation system and financing construction of the Oghuz-Gabala-Baku water supply system. 0.4 mln. manats were directed to financing Baku-Tbilisi-Kars railway and 1.1 mln. manats to financing "The state program on the education of Azerbaijan youth abroad in the years 2007-2015". The Fund's administrative and operational expenses in this period were 1.2 mln. manats.

The Fund's extra-budgetary expenditures related to the revaluation of foreign exchange totalled 215.8 million manats.

The assets of SOFAZ as at April 1, 2009 stood at 8721.4 mln. manats (USD 10863.9 mln.).