Azerbaijanâ€™s Fiscal Policy after the Oil Boom
AbstractAzerbaijanâ€™s current fiscal stance is quite strong; however, this stability is completely based on oil-related revenues. In the meantime, the situation with alternative sources of fiscal revenues is uncertain. A large part of fiscal management is built on opacity and an assessment of budget spending efficiency has never been done. It is likely that Azerbaijan will only be able to maintain its fiscal stability through the next ten years or so, i.e. until the end of the active oil-extraction period. In the more distant future, a substantial fiscal correction will be necessary.
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Bibliographic InfoPaper provided by CASE-Center for Social and Economic Research in its series CASE Network E-briefs with number 02.
Length: 3 Pages
Date of creation: Jan 2012
Date of revision:
Institutional reforms; Eastern Europe; Caucasus and Central Asia; Azerbaijan;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-27 (All new papers)
- NEP-CWA-2012-02-27 (Central & Western Asia)
- NEP-ENE-2012-02-27 (Energy Economics)
- NEP-TRA-2012-02-27 (Transition Economics)
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