SOFAZ to increase financial returns next year

17:30 | 28.11.2022
SOFAZ to increase financial returns next year

SOFAZ to increase financial returns next year

In 2023, the annual return on the finances of the State Oil Fund (SOFAZ) will be 2.05%, up 0.35% from 2022's forecast, reported from an opinion of the Chamber of Accounts on SOFAZ's budget for 2023. 

SOFAZ plans to make a 1.56% return on debt obligations and money market instruments (0.86 percentage points more than this year's forecast), 3.64% on the stock portfolio (1.06 percentage points less), and 5% on the real estate portfolio ( 0.2 percentage points less) next year.






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