Oil price set at $65 in next year's budget
Operativ Media
The price of oil has been set at $65 in macroeconomic forecasts and budget calculations for 2027–2030.
Operativ Media reports that Prime Minister Ali Asadov stated this at a government meeting.
He noted that this approach is based on a baseline scenario applied to ensure macroeconomic stability and sustainability.
Ali Asadov also stated that Azerbaijan's strategic foreign exchange reserves currently stand at approximately $91 billion. This figure exceeds the country's external state debt by nearly 20 times.
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