Oil and Gas Revenues Management in Azerbaijan

Crude Dependence and Its Consequences

Author(s): Kenan Aslanli
Editor(s): Iris Kempe, Matthias Neumann, Robert Orttung, Jeronim Perovic, Lili Di Puppo
Series: Caucasus Analytical Digest (CAD)
Issue: 16
Pages: 8-11
Publisher(s): Center for Security Studies (CSS), ETH Zurich; Jefferson Institute, Washington D.C.; Heinrich Böll Foundation, Tbilisi; Research Centre for East European Studies, University of Bremen
Publication Year: 2010

Azerbaijan's macroeconomic and fiscal indicators during the global economic crisis reflect the dependence of the Azeri economy on oil and gas. The addiction will continue to increase from year to year. The country's rising oil dependence might upset macroeconomic and fiscal equilibriums, and intensify the risk of civil unrest among vulnerable social groups. Social repercussions are possible if oil and gas revenues are managed poorly or distributed unjustly.

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