Bank Of Baku

Azerbaijan forecasts budget surplus since 2019

Azerbaijan forecasts budget surplus since 2019
# 29 September 2016 12:19 (UTC +04:00)

According to the ministry, Azerbaijan will continue to conduct policy to reduce dependence of the state and consolidated budget on oil incomes: “According to the forecasts for 2017 and next three years, current expenditures of the state budget will be compensated by non-oil incomes since 2020. At the same time, the consolidated budget deficit, which is calculated without taking into account the SOFAZ revenues, will be 6.9% of GDP in 2020”.

 

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