Azerbaijani state subfield assets (SNFAR) in January-March 2021 decreased by 1.84% – to $ 42 billion 761.3 million per day, the press service of the SOFAR.
SNFAR emphasizes that the reason for the decline in the assets of steel decline in gold prices and the weakening of the main currencies in the structure of the Gosneftefond investment portfolio in relation to the US dollar is due to the US dollar.
NFAR incomes for the I-th quarter of 2021 amounted to 3 billion 182.1 million manat. At the same time, the revenues of the Fund from the sale of profitable oil and gas amounted to 1 billion 696.6 million manat, transit revenues – 5.6 million manat, bonus payments – 765.9 million manat. Revenues from the Asset Management of the Fund for the reporting period amounted to 714 million manat or 22.44% of all incomes of the SOFAR.
In general, the Fund’s expenses during the reporting period amounted to 2 billion 519.9 million manat.
In the Fund’s expenses structure, transfers to the state budget amounted to 2 billion 513.7 million manat, to finance the state program to improve the international competitiveness of the higher education system in Azerbaijan for 2019-2023 – 0.7 million manat, administrative expenses for the management of the Fund – 5, 5 million manat.
NFFAR extrabudgetary expenses received from the course difference, following the results of the I-th quarter of 2021, amounted to 2 billion 27.5 million manat.