Azerbaijan sets oil price at $ 40 in state budget for 2021

Azerbaijan's state budget for 2021 has been drawn upon the assumption of an oil price of $40 per barrel, as reflected in the draft law "On the state budget of the Republic of Azerbaijan for 2021."

Report informs that the medium-term budget policy and fiscal framework have been formed according to new global challenges and economic realities due to the ongoing uncertainty in the global economy amid the pandemic and fluctuating oil prices.