The 2018 State Budget Project of Azerbaijan: From Consolidation to High Spending?

The 2018 State Budget Project of Azerbaijan: From Consolidation to High Spending? The legislative project on the state budget of the Republic of Azerbaijan for 2018 and the state and consolidated budget projects of 2018 were publicized on 19th of October, 2017 according to the legislation on the Budget system. The main challenges facing the economy of Azerbaijan is its huge reliance on the oil sector for state revenue that, in turn, depends on the... Read More

State Budget for 2016 in Azerbaijan: a New Approach in a New Period?

State Budget for 2016 in Azerbaijan: a New Approach in a New Period? The draft of state budget of 2016 has been discussed and approved by the Cabinet of Ministers of Azerbaijan Republic. According to the CESD sources, a price of oil will be $ 50 US per barrel at the 2016 budget. That means oil price in next year’s budget will be decreased by $ 40 per barrel or 55 % compared to the 2015 state budget… Download Full Article Here  Read More