Azerbaijan discloses amount of oil & gas revenues of the state budget for 2024

Azerbaijan discloses amount of  oil & gas revenues of the state budget for 2024
# 21 September 2023 14:10 (UTC +04:00)

In 2024, Azerbaijan's state budget revenues are expected to be 28.5% of GDP, that is, 33.765 million manats, if the average annual export price of one barrel of crude oil is accepted at $60, says the document prepared by the Ministry of Finance “On the initial indicators of the state and consolidated budgets for 2024, APA reports.

According to the document, 49.6% or 16 million 756.0 million manats of this indicator belong to the oil sector, and 50.4% or 17 009.0 million manats belong to the non-oil and gas/gas sector.

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