Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-December, 2009 reached 8176.7 million manats, while budget expenditures constituted 5294.5 mln. manats. 2009 budget revenues and expenditures of the Fund were executed accordingly 97.8 % and 99.5%.
Revenue of 7870.8 mln. manats was received from implementation of oil and gas agreements, including 7702.6 mln. manats from the sale of profit oil and gas, 156.8 mln. manats from Azerbaijan's State participation share in the Heydar Aliyev Baku-Tbilisi-Ceyhan (BTC) Main Export Pipeline, 8.9 mln. manats as transit payments, 1.1 mln. manats as acreage payments, 0.8 million manats as bonus payments and 0.6 mln. manats from sale of assets received from foreign companies.
The revenues from managing assets of the Fund for the reporting period amounted to 305.9 mln. manats.
The Fund's extra-budgetary revenues related to the revaluation of foreign exchange totalled 97.6 million manats.
As per 2009 budget of the Fund, 4915.0 mln. manats were transferred to the state budget. The expenditures in the amount of 89.9 mln. manats were directed to financing of improvement of social condition of refugees and internally displaced persons, 130.0 mln. manats and 120.0 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. 22.1 mln. manats were directed to financing Baku-Tbilisi-Kars railway and 7.9 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 9.6 mln. manats.
The assets of SOFAZ as at January 1, 2010 has grown by 32.8 % compared to the beginning of 2009 (USD 11219.2 mln.) and stood at 11966.5 mln. manats (USD 14900.4 mln.).