2020 State Budget of Azerbaijan: Brief Independent Review

2020 State Budget of Azerbaijan: Brief Independent Review The Ministry of Finance of the Republic of Azerbaijan presented the draft of the 2020 State Budget. According to the document, the growth rate of the Gross Domestic Product (GDP) in Azerbaijan is expected to decline by 2020. The draft State Budget takes the expected cost per barrel in 2020 as US $55. Despite the fact that it is US $5 less than the previous year’s price, it doesn’t fully... Read More

Azerbaijan State Budget for 2014: Brief Description

Azerbaijan State Budget for 2014: Brief Description The Main Trends for the Azerbaijan State Budget for 2014 are followings: it is a first time in the last decade that the State Budget incomes will decrease in 2014; transfers from State Oil Fund to The State Budget will be decreased by 17.7% or 2.013 billion manat ($ 2, 58 billion US); it is the first time that the share of budget deficit will increase to 3% in GDP; the dependence of the State Budget... Read More