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Revised draft budget submitted to president

Revised draft budget submitted to president

Economy
01 February 2016, 16:52 753
Revised draft budget for 2016 has been submitted to the president Ilham Aliyev, Minister of Finance Samir Sharifov said, APA’s western bureau reports.

The minister resembled that according to the revised budget, the base price of oil makes $25 a barrel: "As is known, the 2016 state budget had been based on an oil price of $50 per barrel. However, sharp decline in crude oil price reduced budget revenues. Therefore, the base price of oil in the revised budget makes $25 a barrel”.