THE ROLE OF THE OIL TRANSFERS IN THE FISCAL POLICY THE CASE OF AZERBAIJAN

Year 2017, Volume: 4 Issue: 1, 379 - 392, 30.06.2017

Nijat Huseynov

https://doi.org/10.17261/Pressacademia.2017.558

Abstract

The
Azerbaijan economy has been more sensitive to the fluctuations in the world
market. Unlike from the other developing countries, the main source of this
relationship has been oil-gas products. That is why, the falling oil prices in
the world oil market has affected the macroeconomic situation in Azerbaijan. In
this context, the main goal of the paper is to investigate the fiscal policy in
Azerbaijan for the last decade. The author applies the correlation and data
analysis of the state budget of Azerbaijan with investigating the relationship
between the transfers from the State Oil Fund (SOFAZ) and some groups of the
expenditures.  

Keywords

Fiscal policy, expenditure, revenue, oil transfer, state budget

References

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