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Top official: Azerbaijan sees no need to adjust forecast indicators for 2013

Business Materials 23 April 2013 13:52 (UTC +04:00)
Azerbaijan sees no need to adjust the forecast indicators of the 2013 state budget, head of the Economic Policy Department under the Azerbaijani President, Mail Rahimov told media today.
Top official: Azerbaijan sees no need to adjust forecast indicators for 2013

Azerbaijan, Baku, April 23 / Trend A. Akhundov /

Azerbaijan sees no need to adjust the forecast indicators of the 2013 state budget, head of the Economic Policy Department under the Azerbaijani President, Mail Rahimov told media today.

"The oil prices have been recently reduced on the world markets," he said. "It is known that the oil price in the state budget for this year has been set at the $100 level. However, up to now, the prices were above $100, so we do not expect difficulties in connection with low prices. There is no need to revise the forecast indicators of the state budget."

According to the forecasts, the state budget revenues in 2013 were approved at 19.159 billion manat, expenses - 19.85 billion manat, the state budget deficit - 691 million manat.
The transfers from SOFAZ to the state budget were envisaged at 11.350 billion manat.
On April 23 the official exchange rate in Azerbaijan is 0.7846 AZN/USD.

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