The Cabinet of Ministers has approved new rules allowing the Central Bank of Azerbaijan (CBA) and the State Oil Fund (SOFAZ) to manage the surplus funds of the single treasury account.
This decision aims to enhance budgetary efficiency. Management will consider budget revenues, expenditures, liquidity, and credit risks.
Surplus funds can only be invested in high-rated deposits, money market funds, and government securities. Equities and derivatives are prohibited.
The manager submits monthly reports, while the ministry reports annually to the Cabinet. Income is transferred directly to the single treasury account.
