Base oil price in 2018 state budget to be increased

Base oil price in 2018 state budget to be increased
  • Clock-gray 13:40
  • calendar-gray 12 June 2018

The base oil price of $45 a barrel in Azerbaijan's 2018 state budget is planned to be raised to $55 a.

 

As a result, it’s planned to transfer AZN 1,750,000,000 of AZN 5,600,000,000 additional receipts, expected to go to SOFAZ by the year-end, to the state budget, increase income forecast of State Customs Committee by AZN 725 million, increase the off-budgetary incomes of budget-funded organizations by AZN 35 million, use AZN 31 million of single treasury account of the state budget as of January 1, 2018.

 

 

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