Azerbaijan sets cost of oil for 2025 budget at $70 per barrel
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BAKU, Sept 17 (Reuters) -Azerbaijan has set its projected oil price for the 2025 government budget at $70 per barrel, the Finance Ministry said on Tuesday.
This represents a slight decrease from the $75 per barrel price set for 2024.
The total state debt is projected to reach 30 billion manats ($17.65 billion) by the end of 2025, representing 23% of the country's gross domestic product (GDP), according to the Ministry of Finance.
Azerbaijan's external debt is seen at 9 billion manats, or 7% GDP, in 2025.
The government’s budget revenues for 2025 are estimated to total 36.6 billion manats, while expenditures are forecast at 39.7 billion manats. This would result in a budget deficit of 3.1 billion manats for the year.
Reporting by Nailia Bagirova
Writing by Maxim Rodionov
Editing by Mark Potter
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