PD-04 Impacts of crude oil market changes on state budget
Based on accessible information and supposedly reasonable assumptions, this research assessed impacts of oil prices on state budget revenues in the range from 20 to 60 USD/barrel. The results show that with a one-dollar decrease in oil price, budget revenues will lower about 2.100 billion VND on average. Hence, when there are no optimistic alterations in oil market, oil price will still be less than 40 USD in 2016, which will significantly affect state budget revenues.
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