AZ

Next year's state budget to be average annual oil price of USD 65

"Next year, the state budget will assume the average annual selling price of a barrel of crude oil at the level of USD 65, it has been reflected in the Ministry of Finance's "Statement on the preliminary indicators of the state and consolidated budgets of the Republic of Azerbaijan for 2026", APA reports.

It was noted that in 2026, assuming the average annual selling price of a barrel of crude oil at the level of USD 65, the state budget revenues are expected to be 28.6 percent of GDP, or AZN 38,423.0 million.

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