January 19, 2016 / 6:05 PM / 3 years ago

Azerbaijan revising budget, to be based on $30 oil price: c.bank chief

BAKU, Jan 19 (Reuters) - Azerbaijan’s central bank chief said on Tuesday that work on revising the state budget was under way and that the budget would be based on an oil price of $30.

“After revision the budget will be based on an oil price of $30 per barrel,” Elman Rustamov told state television. Azerbaijan’s 2016 state budget is currently based on an oil price of $50 per barrel. (Reporting by Nailia Bagirova and Margarita Antidze; Editing by Alexander Winning)

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