You may have heard of the term rentier state. It means that state budget of a resource-rich country comprises mostly of oil revenues, not taxpayer money or for-profit companies. The term has been used to describe Arab countries during the oil boom in the 1970s.In a rentier state, the level of...

This analytical review had been prepared by the experts of the National Budget Group with the aim to evaluate macroeconomic activity in Azerbaijan in 2010. Basic macroeconomic indicators (GDP, employment, income of the population, foreign trade, foreign investments, poverty, etc.) of Azerbaijan...

A significant share of the state budget of Azerbaijan is spent on the welfare of those participating in repressions and falsification of elections. Thus, the regime puts these groups under its control and increases the repressive impacts of oil revenues

The World Bank published the document entitled 'Azerbaijan Country Economic Memorandum' in September 2022. Since the memorandum provides a retrospective analysis of the economy of Azerbaijan in the last 30 years and a prospective analysis in the next 30 years, in this article, we review and...

Since the beginning of 2019 year, the efforts to increase the social burden and responsibility of the economic policy of the state and to address the solution of social problems have continued until the end of the year. The year 2019 was remembered by the downward trend in the economy, the...