2016 State Budget of Azerbaijan was Approved

2016 State Budget of Azerbaijan was Approved President of Azerbaijan Ilham Aliyev has approved the state budget for 2016 on December 7th, 2015. Total government revenues will be 14.6 billion manats ($13.9 billion), down from 19.4 billion manats this year. Spending will be 16.3 billion manats, down from 21.1 billion manats in 2015. A deficit of 2.9 percent of GDP is expected, up from 2.6 percent of GDP in 2015. The oil sector is expected to decline... Read More