Sharifov: It is wrong to allocate all oil revenues for expenses

16:17 - 2.06.2023

June 2, Fineko/ The increase in assets of the State Oil Fund is a positive factor.

ABC.AZ reports that Finance Minister Samir Sharifov said about this at a meeting of the Milli Majlis Committees on Economic Policy, Industry & Entrepreneurship and on Labor & Social Policy.

Samir Sharifov said that more funds are going to the Oil Fund: "On the other hand, it is wrong to allocate all income to expenses. Decisions are made depending on the specific macroeconomic situation. In 5 months, AZN 1.3 bn of additional income was received from oil."