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Azerbaijan's state budget envisages oil price at $70 - minister

Economy Materials 18 November 2024 15:59 (UTC +04:00)
Azerbaijan's state budget envisages oil price at $70 - minister
Elchin Mehdiyev
Elchin Mehdiyev
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BAKU, Azerbaijan, November 18. The Ministry of Economy forecasts gross domestic product growth to be 3.5 percent and the price of a barrel of oil - $70 in the state budget of Azerbaijan for next year, the Finance Minister Samir Sharifov said during the meeting of the Parliamentary Committee on Economic Policy, Industries, and Enterprising on the draft law "On the state budget of Azerbaijan for 2025" today, Trend reports.

The minister emphasized that ensuring the efficient use of costs is one of the issues of concern to the government.

He noted that responsibility in this matter lies with both the Ministry of Finance and line ministries.

“Parliamentary control must be ensured through the government and the Accounts Chamber,” the minister added.

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