(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 2. The average
export price of a barrel of oil for the rest of the year is set at
$60, according to the updated macroeconomic forecasts in the
baseline scenario, Finance Minister of Azerbaijan Samir Sharifov
said, trend reports.
He made the remark at a joint meeting of the
committees of the Milli Majlis (Parliament) on economic policy,
industry, and entrepreneurship, and on labor and social policy
during the discussion of amendments to the law "On the State Budget
of the Republic of Azerbaijan for 2023".
“The average export price of a barrel of oil of $60
included in the state budget is a real price, despite the fact that
it seems risky,” he said.
Amendments to the law "On the State Budget of the
Republic of Azerbaijan for 2023" are being discussed at a joint
meeting of the Milli Majlis committees on economic policy, industry
and entrepreneurship and on labor and social policy.
The revenues of the revised state budget for 2023 are
projected at 33.7 billion manat ($19.8 billion), which is three
million manat or $1.7 billion (9.8 percent) more than the approved
figure.
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