Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/310919 
Year of Publication: 
2025
Publisher: 
ZBW - Leibniz Information Centre for Economics, Kiel, Hamburg
Abstract: 
The financial sustainability of the State Oil Fund of Azerbaijan (SOFAZ) is entering a critical phase, shaped by both domestic and international economic shifts. With Donald Trump’s return to power in the United States, significant changes in domestic and foreign policy are reshaping global markets, particularly in the energy and securities sectors. These transformations have direct implications for SOFAZ’s revenue streams, expenditure framework, and long-term financial stability. This article provides a comprehensive analysis of SOFAZ’s fiscal landscape, evaluating key revenue sources, spending patterns, and sustainability risks. It examines the impact of declining oil production, shifting commodity prices, and geopolitical uncertainties on SOFAZ’s financial trajectory. Additionally, the study assesses how increasing budgetary transfers, market volatility, and investment strategies influence the Fund’s ability to navigate economic uncertainties. By integrating these factors, this research offers a forward-looking perspective on SOFAZ’s future financial management and strategic adjustments, contributing to broader discussions on oil wealth governance and economic stability in Azerbaijan.
Subjects: 
Azerbaijan
SOFAZ
oil price
revenue
expenditure
financial management
geopolitical uncertainties
budgetary transfers
market volatility
investment strategies
wealth governance
economic stability
Document Type: 
Preprint

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