Baku / 23.09.16 / Turan: The Cabinet of Ministers at a meeting yesterday discussed the draft budget for 2017.
Forecasts for next year's budget were introduced by the Finance Minister Samir Sharifov, and the macroeconomic forecasts – by the Economy Minister Shahin Mustafayev. As a result of discussions, it was decided to send the budgetary envelope to the President of Azerbaijan, stressed the government.
A government source told Turan the budget of Azerbaijan for 2017 is foreseen at the average price of oil at $ 40 / barrel. It should be noted that this year the figure is $ 40 per barrel. The International Energy Agency and financial institutions predict that next year the average price of Brent crude oil will rise to the level of $ 54-55 per barrel. -12D--
Economics
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