Azerbaijan sets oil price in State Budget for 2021 at $ 40 p/b

Azerbaijan sets oil price in State Budget for 2021 at $ 40 p/b
  • Clock-gray 12:15
  • calendar-gray 21 December 2020

The price of oil per barrel set $ 40 on Azerbaijan's state budget for 2021, it is reflected in the draft law "On the state budget of the Republic of Azerbaijan for 2021", APA reports.

Taking into account the ongoing uncertainty in the world economy in the background of the pandemic, as well as fluctuating oil prices, in the medium term, budget policy and the fiscal framework have been formed according to new global challenges and economic realities, on this basis, while calculating the consolidated and state budget revenues for the medium term, the price of a barrel of oil was taken equal to $ 40.

 

Ramiz Mikayıloğlu

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