Cabinet of Ministers Azerbaijan presented draft state budget and a consideration of the President of Azerbaijan. It is reported by the press service of the Cabinet of Ministers.
In addition, a draft concept of socio-economic development and forecast indicators for the next three years have been transferred to the head of the Azerbaijan State.
State budget revenues were predicted at 26 billion 407 million manat, and expenses – 28 billion 974 million manat.
is predicted that 52.4% of budget revenues will come to the oil sector, 47.6% – on non-oil. About 85.7% of oil revenues will be transferred to the State Petroleum Foundation. Another 14.3% of the revenues from the oil sector in the state budget will be provided at the expense of tax authorities.
68.7% of budget expenditures will have to be currently expented on the current expenses – 24.7%, 6.6% will be the costs associated with the service of public debt and other obligations.
In the draft state budget, the price of oil is laid at the rate of 45 dollars per barrel.