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Azerbaijani Oil Fund: Fiscal Consolidation, Volatility and Oil Wealth
(Center for Economic and Social Development, 2017-05-03)
The execution of the State Oil Fund of Azerbaijan's (SOFAZ) 2016 budget has been approved. According to a Presidential decree, SOFAZ's revenue was 9.410 billion manat ($5.881 billion USD) and expenditure was 9.022 billion manat ($5.638 billion USD). ...
Amendments to the 2018 State Budget in Azerbaijan: Back to the oil boom period?
(Center for Economic and Social Development, 2018-06-30)
As expected, in the 2nd week of June, the Azerbaijani government started to revise the state budget and make amendments to it. It should be noted that the higher-than-expected prices of hydrocarbon products in global markets have created a basis for ...
The Economy of Azerbaijan in 2017 -Brief Overview
(Center for Economic and Social Development, 2018-01-16)
The year 2017 posed severe challenges for the economy of Azerbaijan, as it experienced a 3.1% decline in 2016, its first negative GDP growth since 1995. According to initial estimations of EBRD, the economy was expected to experience another negative ...