The execution of the 2022 budget of the State Oil Fund of the Republic of Azerbaijan (SOFAR) was approved by the Decree of the President of the Republic of Azerbaijan dated June 22, 2023.

Pursuant to the decree, the implementation of the SOFAZ budget for 2022 was approved, reflecting revenues totaling 16,866,540.3 thousand manats and expenses amounting to 7,988,335.2 thousand manats.