2024-06-10 08:34:12
The worth of a barrel of oil on the world market in 2024 is 27.3 US {dollars} greater than offered for within the state funds.
As Day.Az reported on Friday, this was said by Azerbaijani Finance Minister Samir Sharifov throughout a dialogue of modifications to the state funds for 2024 within the Milli Majlis (parliament).
The minister famous that bearing in mind the value state of affairs and different revenue within the world oil and gasoline market, the federal government’s macroeconomic forecasts have been up to date, and GDP is projected at 121.3 billion manat, which is 3 billion manat greater than a yr earlier.
S. Sharifov emphasised that the up to date forecast led to the necessity to change the state funds for the present yr.
It must be famous that with the revision, expenditures within the state funds for 2024 are projected at 39,707.3 million manats, which is 2,944.3 million manats or 8.0 p.c greater than the permitted determine and three,249.4 million manats or 8.9 p.c extra in comparison with precise efficiency in 2023.
Allow us to recall that the common annual export value of a barrel of oil elevated from 60.0 to 75.0 US {dollars} (with precise gross sales costs for the previous interval of the yr and with the situation of 70.0 US {dollars} for the remainder of the yr, that is 15.0 {dollars} greater than beforehand predicted).
Subscribe to our WhatsApp channel and keep updated with the primary information!