The CESD Assessment on the 2019 State Budget Project

The CESD Assessment on the 2019 State Budget Project The current external macroeconomic conditions observed throughout the year of 2018, such as increasing rates by FED/ECB, exerts certain pressure on the economies of developing nations. Despite hovering well-over its predicted value for most of the year, the recent decline in the price of oil once again puts question marks for the future of the commodity. Considering all of the above mentioned facts... Read More

Crude Oil Price in the 2016 state budget will decline by 45.0 %

Crude Oil Price in the 2016 state budget will decline by 45.0 % The Ministry of Finance of Azerbaijan has started drafting State Budget 2016. The Ministry has reported that with taking into account events at the world energy market, in particular declining trends in oil prices, the State Budget oil price will be set at the level of $50 US per barrel. The price of crude oil in 2016 state budget will be decreased by 45.0 % since it is $ 90 US per barrel... Read More