Finance Minister: Confirmed budget will be fulfilled productively (Azeri-Press News Agency)

No problem is occurred in performance of key financial duties

Oil price decline in world market has influenced Azerbaijan negatively, said the Minister of Finance Samir Sharifov.

According to him, the decline in oil price has particularly influenced revenues of consolidated budget negatively: The processes in the energy market of the world indicate that the demand exceeded supply and this leads to decline of oil price. Compared to 2014, oil price declined two times this year. The decline in oil price has particularly influenced revenues of consolidated budget negatively. The decline did not influence revenues of state budget seriously. It only influenced revenues of SOCAR.

Sharifov noted that consequently, the oil price decline negatively influences Balance of Payment, general revenues.

The Minister added that Azerbaijani government has taken appropriate measures: We plan to fulfil the confirmed budget productively. We reduce unnecessary expenses and postpone several infrastructural projects till next year. According to the first quarter of 2015, Azerbaijan has executed all social duties. In other word, no problem is occurred in performance of key financial duties.

   

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