BAKU, Azerbaijan, June 24. The average export price per barrel of oil, incorporated into Azerbaijan's budget, maintains a reasonable level, Samir Sharifov, Minister of Finance, exclusively told Trend.
He highlighted that the oil price in the budget for the remaining period of the year has been adjusted from $50 to $60.
"We do not anticipate further increases in the oil price, as the current level is already adequately high. We consider it to be reasonable," the minister explained.
Amendments to the "State Budget of the Republic of Azerbaijan for 2023" law indicate projected revenues of 33.89 billion manats and expenditures of 36.62 billion manats (including centralized revenues of 33.12 billion manats, local revenues of 764.7 million manats, centralized expenditures of 35.85 billion manats, and local expenditures of 777 million manats).
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