Azerbaijan’s net financial assets stood at 109 billion 880.7 million manats as of October 1 this year.
“Operative Information Center-OMM” reports that the figure is cited in the Chamber of Accounts’ opinion on the draft law “On the 2027 state budget.”
According to the document, the amount represents the difference between the country’s financial assets of 133 billion 777 million manats and financial liabilities of 23 billion 896.3 million manats. Of the financial assets, 125 billion 864.8 million manats belong to the State Oil Fund of Azerbaijan (SOFAZ); the remaining 7 billion 894.4 million manats comprise the balance in the Single Treasury Account, while 17.8 million manats is the amount attributable to the current year for servicing state enterprises’ obligations to the budget.
Over the past year, growth in SOFAZ’s assets has been the main factor driving an increase in the country’s net financial assets. The fund’s assets increased due to rising gold prices in the final quarter of 2025, a sharp rise in the price of a barrel of crude oil starting in March 2026, strong returns on the main stock index tracked by the fund, and lower transfers to the state budget. In some cases, the calculation of this component is not based on the cash method.
The “budget package” envisages an amendment to the Law on the Budget System to remove the phrase “funds from the Single Treasury Account transferred for management” from the elements that make up net financial assets.
