Azerbaijan Economy in the First Half of 2014; Brief Overview

Azerbaijan Economy in the First Half of 2014; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first half of year on July, 15, 2014. Both independent and official reports show that oil GDP continued declining in the reporting period. According to the State Statistic Committee of Azerbaijan, oil GDP decreased 3.9 % in the first four months of 2014 since CESD calculations found out 4.8... Read More

The Azeri Oil Fund contributes more than half of State Budget Revenues

The Azeri Oil Fund contributes more than half of State Budget Revenues The income of the state budget for the first quarter of 2014 was 4.5 billion. manat ($ 5.74 billion US), the expenditures were 4.4 billion manat ($ 5.6 billion US). Budget surplus was 108,4 mln. manats in the reporting period. The Ministry of Finance reports that 2.34 billion manat($ 3.00 billion US) was transferred to the budget from the State Oil Fund of the Republic of Azerbaijan... Read More

CESD Feedback on State Budget of 2014 in Azerbaijan

CESD Feedback on State Budget of 2014 in Azerbaijan Azerbaijani State Budget was approved last week. Based on the predictions of the Ministry of Finance of Azerbaijan Republic for 2014, the income and expenditure of the state budget are more aligned to real economic conditions than recent years’ budgets. The income of state budget has been forecasted around 18 384 million but the expenditures will be 20 063 million manat. It means the state budget... Read More

Azerbaijani State Budget Approved

Azerbaijani State Budget Approved President of Azerbaijan Ilham Aliyev has approved the state budget for 2013.  The 2013 state budget revenues were approved at AZN 19,159,000,0, expenditures – AZN 19,850,000,0 (including centralized revenues at AZN 18,462,397,8, local revenues – AZN 696,602,2, centralized expenditures – AZN 18,335,450,0, local expenditures – AZN 514,550,0). Note; 1 AZN = 1,24 USD  Read More

2013 Draft Budget is on Azerbaijani Parliament’s Agenda

2013 Draft Budget is on Azerbaijani Parliament’s Agenda The Azerbaijani Parliament in its plenary meetings on 13, 14 and 15 November will consider the draft law “On the State Budget of the Republic of Azerbaijan in 2013”. According to the Parliament, the agenda of the next three plenary sessions also includes the bill on the budget of the State Social Protection Fund of Azerbaijan in 2013, the cost of living and the criteria of need... Read More

2013 Budget Package at the Azerbaijani Parliament

2013 Budget Package at the Azerbaijani Parliament Azerbaijan’s budget project for 2013 will be discussed at the meeting of Economic Policy Committee, said the Committee Chairman Ziyad Samadzade. According to him, the budget package will be discussed at the plenary meeting of parliament, APA reports. Touching upon the base price of oil in the state budget Samadzade stressed that, this extent was not risky and within its determination the oil price... Read More

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