Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-March, 2010 reached 2754.5 million manats, while budget expenditures constituted 1292.3 mln. manats.

Revenue of 2704.5 mln. manats was received from implementation of oil and gas agreements, including 2702.2 mln. manats from the sale of profit oil and gas, 2.0 mln. manats as transit payments and 0.3 mln. manats from sale of assets received from foreign companies.

The revenues from managing assets of the Fund for the reporting period amounted to 50.0 mln. manats.

As per 2010 budget of the Fund, 1225.0 mln. manats were transferred to the state budget. The expenditures in the amount of 2.9 mln. manats were directed to financing of improvement of social condition of refugees and internally displaced persons, 23.2 mln. manats and 36.5 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. 1.9 mln. manats were directed 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 2.8 mln. manats.

The Fund's extra-budgetary expenditures related to the revaluation of foreign exchange totalled 379.0 million manats.

The assets of SOFAZ as at April 1, 2010 has grown by 9.1% compared to the beginning of 2010 (USD 14900.4 mln.) and stood at 13049.7 mln. manats (USD 16243.3 mln.).