The budget deficit for 2016 is forecasted at 1.698 billion manats or 2.9 percent of GDP [its volume is set at 57.7 billion manats].
The forecast of oil price is budgeted at the level of $50 per barrel.
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Azerbaijani state budget deficit for 2016 to exceed $1.6B
14 September 2015
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Revenues of the state budget of Azerbaijan for 2016 are projected at 14.566 billion manats, while expenses are expected to reach 16.264 billion manats, the ministry of finance said in a released state and consolidated budget drafts of the country for 2016.
Revenues in 2016 are budgeted at 4.872 billion manats, or 25.1 percent less than the current year, and the expenditure part - by 4.836 billion manats, or 22.9 percent less than in 2015, according to the forecasts.
The budget deficit for 2016 is forecasted at 1.698 billion manats or 2.9 percent of GDP [its volume is set at 57.7 billion manats].
The forecast of oil price is budgeted at the level of $50 per barrel.
The budget deficit for 2016 is forecasted at 1.698 billion manats or 2.9 percent of GDP [its volume is set at 57.7 billion manats].
The forecast of oil price is budgeted at the level of $50 per barrel.
