Accounts Chamber chair: Budgeted oil price for last 10 years set at $75 for 2nd time

For the second time in the last 10 years, Azerbaijan’s state budget sets the minimum oil price at $75 per barrel, Chairman of the Accounts Chamber Vugar Gulmammadov said at a plenary meeting of the parliament, Report informs.

“In the consolidated budget, the increase in basic expenses exceeded the growth in non-oil and gas revenues. Basically, the adjustment was carried out towards the growth of gross domestic product in the non-oil and gas sector,” he noted.