Bank Of Baku

Base price of oil to remain unchanged in Azerbaijan’s state budget-2013

Base price of oil to remain unchanged in Azerbaijan’s state budget-2013
# 19 October 2012 13:40 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Base price of oil in Azerbaijan’s state budget for 2013 is considered at $100 per barrel. Besides, the exchange rate of the U.S. dollar has been considered at AZN 0.7850.

Remind that, base price of oil in state budget-2012 is $100 per barrel.

In general, as to the main macroeconomic indicators forecasted for 2013, the volume of GDP is expected to increase AZN 56.1 bn, economic growth – 5.3%, oil sector -2.9% decline, non-oil sector – 11.7% rise. The inflation is forecasted at 5.7%.
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