Azerbaijani State Budget in 2016: Perspectives and Challenges

Azerbaijani State Budget in 2016: Perspectives and Challenges Center for Economic and Social Development (CESD) has produced paper on analyzing of the 2016 state budget in Azerbaijan. The paper provides an overview of 2016 budget in Azerbaijan. It begins in Section 2 with a description of total public revenue in Azerbaijan, size of revenues from main sources, how this has changed between 2011 and 2016, and a brief review of components. Section 3 provides... Read More

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

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

Azerbaijan State Budget for 2014: Brief Description

Azerbaijan State Budget for 2014: Brief Description The Main Trends for the Azerbaijan State Budget for 2014 are followings: it is a first time in the last decade that the State Budget incomes will decrease in 2014; transfers from State Oil Fund to The State Budget will be decreased by 17.7% or 2.013 billion manat ($ 2, 58 billion US); it is the first time that the share of budget deficit will increase to 3% in GDP; the dependence of 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

Social sphere accounts only for 25.4% of 2013 budget expenses

Social sphere accounts only for 25.4% of 2013 budget expenses The state budget bill for 2013 is of investment essence but despite this a huge part of the budget costs will be used for social sphere.  The statement came from Finance Minister Samir Sharifov at the joint session of six committees of Milli Majlis. He said social expenses will make 25.4% of the budget costs. These amounts will mainly be used for financing such spheres as science, culture,... Read More

Azerbaijan State Budget for 2013

Azerbaijan State Budget for 2013 The revenues of the 2013 state budget are forecast to make up AZN 19,154 billion ($ 24,556 billion), while expenditures – AZN 19,8 billion ($ 25,384 billion).  According to the 2013 draft budget, the forecast revenues are AZN 2,116 billion ($ 2,712 billion) or 12.4% more against the 2012 state budget. Of the 2013 budget revenues, AZN 11.4 billion ($ 14,165 billion) or 59.3% of overall budget revenues will account... Read More

How Will Oil Price Impact on Azeri State Budget?

How Will Oil Price Impact on Azeri State Budget? Cheapening of oil price in world markets does not create a threat for state budget of Azerbaijan, Deputy Finance Minister Azer Bayramov said. To him, base price of oil in the budget (100 dollar/barrel) is average annual price. ‘At present, average annual price of oil is not lower from the level considered in the budget’, he said, APA reports. Note that, as of the beginning of 2012, price of Azeri... Read More

Azerbaijan Economy Since Independence; Independent View

Azerbaijan Economy Since Independence; Independent View Azerbaijan Economy Since Independence; Independent View The CESD report analyzes Azerbaijan Economy since independence which has been through economic crisis, stability, and rapid development. All these steps taken toward development have been remembered ever since for both their uniqueness as well as their conformity to economic realities: firstly, the recession (1992-1995) recovery (1996-1997),... Read More

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