Upgrading the quality of economic policy-making process in Azerbaijan

"Azerbaijan’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.”

Read CASE E-brief 02/2012: Azerbaijan's Fiscal Policy after the Oil Boom by Dmytro Boyarchuk.

This E-Brief summarises the results of a one week mission of Dmytro Boyarchuk within the CASE Advisory Service Technical Assistance Project in Azerbaijan: Advisory Service on Macroeconomic Management and Institutional Reform at the Ministry of Economic Development (MoED) of Azerbaijan