As expected, in the 2nd week of June, the Azerbaijani government started to revise the state budget and make amendments to it. It should be noted that the higher-than-expected prices of hydrocarbon products in global markets have created a basis for the revision of the state budget, a practice frequently seen in the Azerbaijani experience.
The main points relevant to public interest can be grouped as follow:
– What changes in fiscal policy will occur following the increase in oil prices?
– Will spending of oil revenues accelerate?
– Which functional expenses will increase most in the case budget expenditures are increased?
– Will social expenditures (salaries, funds, pensions and social allowances) increase?
The Center for Economic and Social Development (CESD) constantly focuses on important social and economic processes in Azerbaijan. In this paper, we will try to answer the questions that are written above based on officially publicized information.
