State budget of Azerbaijan for 2009 fixes oil prices at $70 per barrel

Country's Finance Minister Samir Sharifov told reporters that like in the previous years the state budget of the country has been developed as a social one.

"There is also a plan to allocate funds for strengthening the defense potential of the country, conducting external policy, implementing program of food security and other events of state concern", said the Minister.

Commenting on the influence of drop in oil prices on the world markets on the execution of the state budget for this year, Sharifov noted that the country's leadership always conduct a careful policy of forecasting oil prices in the state budget, which has a positive influence on the current situation.

"This year, the oil price is fixed in the amount of $70 per barrel, which helps us be confident about the execution of the state budget", said the Minister.

He said the budget forecasts for 2009 also fix $70 per barrel.

/Day.Az/