Oil price set at $65 in next year's budget

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.