Macroeconomy - 2024
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In previous articles, we discussed the poor management of the budget and the corruption risks during its implementation phase[1]. Despite more than four years passing, we still share the same conclusi...
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The restoration and reconstruction of Karabakh, liberated from occupation, are being carried out using state budget funds within the framework of the "I State Program on the Great Return to the Libera...
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The 2025 state budget plans an increase in transfers from the State Oil Fund by 13.3 percent or 1.7 billion manats compared to previous years, which deviates from the target indicator outlined in the...
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In terms of revenue and expenditure metrics, Azerbaijan leads the South Caucasus countries for the 2025 state budget. Azerbaijan's projected state budget revenues for 2025 are up to 2.5 times higher t...
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A recent report from Azerbaijan’s State Tax Service under the Ministry of Finance casts a spotlight on a key inefficiency in the country’s business environment: more than a third of registered commerc...
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S&P Global Ratings has reaffirmed Azerbaijan's long-term and short-term sovereign credit ratings in foreign and national currency at "BB+/B" with a stable outlook.





