Foreign debt of Azerbaijan in 2018: realities and perspectives

Foreign debt of Azerbaijan in 2018: realities and perspectives Azerbaijani foreign debt reached $9.398 billion USD, or 15.978 billion manat, on January 1st, 2018, according to the Ministry of Finance of the Republic of Azerbaijan. GDP reached 70.135 billion manat in the reporting period, leading the share of foreign debt in Azerbaijani Gross Domestic Production (GDP) to total 22.8%. According to the Ministry of Finance, foreign public debt consists... Read More

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

Azerbaijan Economy in the first nine months (January-September) of 2017; Brief Overview

Azerbaijan Economy in the first nine months (January-September) of 2017; Brief Overview CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first nine months of 2017. Both independent and official reports show that GDP declined in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP decreased by 0.6 % in January-September of 2017 compared with the same period of 2016 since... Read More