Press Review 05/12/2016

Army building in Azerbaijan, assessment of the Tariff Council decision on increase in utility prices, low salaries of the population, and the possible impact of the expected rise in oil prices are the themes of today's media.

The newspaper Azerbaijan writes on the strengthening of Azerbaijan's military potential. Over the past 10 years, the country's military spending has increased more than 20 times. The growth of military arsenal is a priority for the country, writes the author. In 2017 the budget provides for military expenses in the amount of 16.7% of the total expenditure. In comparison with the current year, it is 2.9% more.

The website talks about the decision of the Tariff Council on raising fees for electricity and gas and leads an expert opinion on the matter.

It is estimated that the increase in tariffs would bring the budget 300 million manat. The author also talks about the loss of electricity, for which no official has ever answered.

The expert Nemat Aliyev believes that by increasing tariffs the government has chosen a defective path because the energy price increase will affect all other prices.

Echo writes that Azerbaijan is "an outsider of the South Caucasus" in the level of wages in dollar terms.

The economic policy, particularly monetary, has been incorrect so far.  Only domestic agricultural production saves Azerbaijan. In addition, the country has foreign exchange reserves, which have become somewhat "thinner" in recent years.

The website wonders whether we will be rescued, if the oil price increases. Experts estimate the probability of this against the background of the OPEC decision to cut oil production.

The expert Natig Jafarli believes that price increases have a positive impact on the growth of the country's income. For stability in the country, he said, the price of oil should be $ 80-90 per barrel.

The expert Gubad Ibadoglu believes that for the complete stability of the situation in Azerbaijan the oil price should reach $ 110 per barrel. But we cannot talk about it in the coming two years.    -0—0---

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