Bank Of Baku

Parliamentarian: “We will propose $60-70 oil price in 2009 State Budget”

Parliamentarian: “We will propose $60-70 oil price in 2009 State Budget”
# 04 November 2008 13:31 (UTC +04:00)
Baku. Elbrus Seyfullayev–APA. Members of MM Standing Commission on Economic Policy will purpose $60-70 oil price in 2009 State Budget, Vahid Ahmadov, member of the Commission told APA that oil prices would be around $80 per barrel in 2009 State Budget, but black gold fell in price and this case would be taken into consideration.
“Every issue will be made clear during debates on November 6,” he said.
Ahmadov added that oil price downturn would not influence on budget expenses.
“Incomes from oil sector are collected in Oil Fund,” he said.
MP stressed that they would propose to focus the bill on the refund of USSR-era bank savings.
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