Azerbaijan may change the price of oil barrels included in the 2023 state budget, Azerbaijani Minister of Finance Samir Sharifov told reporters on the sidelines of a conference themed “Heydar Aliyev and the independent state building of Azerbaijan: the history and present of socio-economic transition”, Azernews reports.
“We believe there is certain ground for doing this,” he said.The price of one barrel of oil in the state budget for 2023 is set at $50.
The state budget surplus in the first quarter of 2023 amounted to AZN1.7bn ($1bn). At the same time, state budget revenues amounted to AZN8.2bn ($4.8bn), while expenditures reached AZN6.5bn ($3.8bn).—Azer News
