Posted by Administrator on May 3, 2017 · Leave a Comment
Azerbaijani Oil Fund: Fiscal Consolidation, Volatility and Oil Wealth
The execution of the State Oil Fund of Azerbaijan’s (SOFAZ) 2016 budget has been approved. According to a Presidential decree, SOFAZ’s revenue was 9.410 billion manat ($5.881 billion USD) and expenditure was 9.022 billion manat ($5.638 billion USD). Initially, SOFAZ’s revenue for 2016 was forecasted as 4.6 billion manat, while expenditure was expected to be 10.7 billion... Read More
Filed under News · Tagged with Azerbaijan oil fund, Azerbaijan oil income, Azerbaijan oil industry, Azerbaijan oil money, Azerbaijan oil revenue, Azerbaijani oil, Azerbaijani Oil Fund: Fiscal Consolidation, Azerbaijani oil price, oil Azerbaijan, Oil Fund Azerbaijan, oil fund expenditure, Oil fund revenue, oil money, SOFAZ budget, Volatility and Oil Wealth
Posted by Administrator on March 30, 2017 · Leave a Comment
Azerbaijan Economy in the first two months of 2017; Brief Overview
CESD- Center for Economic and Social Development concluded its macro-economic survey results for the first two months of 2017. Both independent and official reports show that GDP slightly increased in the reporting period. According to the State Statistic Committee of Azerbaijan, GDP increased by 0.4 % in the first two months of 2017 compared with the period of 2016 since CESD calculations... Read More
Filed under News · Tagged with Azerbaijan currency rate 2017, Azerbaijan economy 2017, Azerbaijan Economy in the first two months of 2017;, Azerbaijan Economy in the first two months of 2017; Brief Overview, Azerbaijan export, Azerbaijan export 2017, azerbaijan gdp 2017, Azerbaijan GDP february 2017, Azerbaijan import, Azerbaijan import 2017, Azerbaijan Oil Fund assets, Azerbaijan Oil Fund Budget, Azerbaijan oil output 2017, Azerbaijan oil output february 2017, Azerbaijan state budget, Azerbaijani economy, Azerbaijani economy February, Azerbaijani economy February 2017, Azerbaijani economy January, Azerbaijani economy January 2017, Azerbaijani economy January February 2017, Azerbaijani oil output january 2017, manat rate 2017, manat rate in february 2017, non-oil GDP Azerbaijan, oil export Azerbaijan, SOFAZ, SOFAZ budget
Posted by Administrator on March 1, 2016 · Leave a Comment
Azerbaijani Oil Fund`s Confirmed 2015 Budget: Big Decline
The assets of the State Oil Fund of Azerbaijan (SOFAZ) for 2015 decreased by 9.5% and as of 1 January 2016 reached $33.57 billion against $37.1 billion by 1 January 2015. The SOFAZ press release says that budget revenues for 2015 amounted to AZN 7.7 billion and expenditures AZN 9.187 billion.
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Posted by Administrator on November 18, 2015 · Leave a Comment
Azerbaijani Oil Fund Budget for 2016: Brief Historical Review
The draft budget for 2016 of State Oil Fund of Azerbaijan Republic (SOFAZ) has been discussed by the Supervisory Board of the fund. According to the SOFAZ, the fund’s 2016 budget revenues are forecasted as 6.7 billion manta and expenditures at 8.26 billion manat. SOFAZ reported that the Supervisory Board recommended the Fund’s 2016 draft budget, including the major directions of its... Read More
Posted by Administrator on December 30, 2014 · Leave a Comment
Assessment of Effect of Declining Oil Prices on Azerbaijan Economy
The main goal of the study is to assess how oil price decline in the world market will potentially impact Azerbaijani Economy. The paper specifically looks how last changes in the world market will effect on both revenue and expenditure sides of the state budget. The study also examines “side impact” and “domino effects” of low oil prices.
As an oil exporter country Azerbaijan... Read More
Filed under News · Tagged with $1 per barrel drop in the, Assessment and modeling of oil price decline on Azerbaijan Economy, Azerbaijan budget, Azerbaijan Budget revenue, Azerbaijan Economy, Azerbaijan economy 2014, Azerbaijan economy 2015, Azerbaijan GDP, Azerbaijan GDP 2014, Azerbaijan GDP 2015, Azerbaijan GDP growth, Azerbaijan non-oil GDP growth, Azerbaijan non-oil sector, Azerbaijan oil budget, Azerbaijan oil fund, Azerbaijan oil GDO, Azerbaijan oil GDP, Azerbaijan oil output, CESD, CESD Research Team, country’ budget, Effect of Declining Oil Prices on Azerbaijan, Effect of Declining Oil Prices on Azerbaijan bank sector, Effect of Declining Oil Prices on Azerbaijan economy, Effect of Declining Oil Prices on budget revenue, Effect of Declining Oil Prices on economy, Effect of Declining Oil Prices on export, Effect of Declining Oil Prices on import, Effect of Declining Oil Prices on Oil Exporting Countries, Effect of Declining Oil Prices on public revenue, Effect of Declining Oil Prices on spending, Falling oil prices: Who are the winners and losers?, Future of Oil Prices, il price decline in the world market will potentially impact Azerbaijani Economic, impact on Azeri economy, impacts of oil prices declining on Azerbaijan, impacts of oil prices declining on Azerbaijan economy, impacts of oil prices declining on economy, impacts of oil prices declining on oil exporting countries, In public finance part, including losses of GDP, is currency reserve enough for compensation of oil decline, normal export levels and, oil and natural gas export revenues, oil impact on Azerbaijan economy, oil output, oil output Azerbaijan, oil output Azerbaijan 2014, oil price 2014, oil price 2015, oil price i 2015, oil price impact on GDP, price of “Azerlight”, results annual revenue loss, revenue and expenditure, sides of, SOFAZ budget, SOFAZ budget 2014, SOFAZ budget 2015, the paper particularly deals oil price decline’s impacts on the 2105 State Budget of Azerbaijan Republic. The study calculates how every, The paper specifically looks how last changes in the world market, the state budg, will effect on both, “side impact” and “domino effects” of low oil prices.
Posted by Administrator on October 23, 2014 · Leave a Comment
SOFAZ’s extra budgetary expenses reached to $ 1.24 billion US
Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) for the period of January-September, 2014 reached 10.13 billion manats ($12.99 billion US), while budget expenditures constituted 8.04 billion manats ($ 10.30 billion US).
Revenue of 9.97 billion manats ($ 12.78 billion US) was received from the implementation of oil and gas agreements, including 9.95 billion... Read More
Filed under News · Tagged with Azerbaijan Oil Fund Budget, Azerbaijan oil money, Azerbaijan oil revenue, Azeri oil fund, Budget revenues of the State Oil Fund of the Republic of Azerbaijan (SOFAZ), e Oil Fund of the Republic of Azerbaijan, oil export, oil fund money, oil money, oil revenue, SOFAZ, SOFAZ budget, SOFAZ’s extra budgetary expenses reached to $ 1.24 billion US
Posted by Administrator on July 22, 2014 · Leave a Comment
80.0 % of SOFAZ’s total revenue was spent in the half of 2014
Total revenue of the State Oil Fund of the Republic of Azerbaijan (SOFAZ) was 6.493 billion manat ($ 8.324 billion US) in the half of 2014. SOFAZ’s total spending was 5.163 billion manat ($ 6.619 billion US) in the reporting period. According to the official figures 79.5 % of the SOFAZ revenues was already spent in the first six months of 2014.
Revenue of 6.374.8 mln. manat was received... Read More
Filed under News · Tagged with 80.0 % of SOFAZ’s total revenue was spent in the half of 2014, Azerbaijan, Azerbaijan budget, Azerbaijan oil fund, Azerbaijan oil income, Azerbaijan revenue, Azeri oil, Azeri oil sector, Budget, income, Oil Fund Azerbaijan, oil income, oil revenue, oil sector, SOFAZ, SOFAZ budget, SOFAZ revenue, transfer
Posted by Administrator on November 14, 2012 · Leave a Comment
$ 2,2 billion deficit in SOFAZ budget
Revenue of State Oil Fund of Azerbaijan (SOFAZ) is forecasted at AZN 11,82 billion ($ 15,12 billion) since expenditure will be AZN 13, 59 billion ($ 17,32 billion) in 2013. SOFAZ will face budget deficit which will be AZN 1,78 billion ($ 2,22 billion) next year. Meanwhile Ministry of Finance reports SOFAZ will spend AZN 2,149 billion ($ 2,755 billion) on investment projects in 2013. SOFAZ transfers to the... Read More
Filed under News · Tagged with 2013 budget, Azerbaijan, Azerbaijan revenue, budget deficit, Budget Revenue, Center for Economic and Social Development, CESD, deficit, money transfer, non-oil sector, oil sector, oil transfer, SOFAZ assets, SOFAZ budget, SOFAZ money
