Azerbaijan state budget revenues were $ 20,1 billion

Azerbaijan state budget revenues were $ 20,1 billion In 2011, revenues of the state budget increased by 37.7% and made up AZN 15.7 billion (($ 20, 1 billion) while the expenditures increased by 30.8% and totaled AZN15.4billion. The state budget was realized proficiently. The statement came from Economic Development Minister Shahin Mustafayev as the meeting of the Cabinet of Ministers on socio-economic development results in 2011 and tasks defined... Read More

Azerbaijan Economy in 2012; expectations and challenges

Azerbaijan Economy in 2012; expectations and challenges Official forecasts for Azerbaijani economy in 2012 seem quite optimistic. According to Ministry of Economic Development reports although downturn in world economy. The Government of Azerbaijan (GoA) targets 5,7 % GDP Growth in 2012 meanwhile The Central Bank’s monetary policy is announced keeping inflation to single digits. Meanwhile, International Monetary Fund (IMF) projected at 7,1 % Azerbaijan’s... Read More