Baku 27° C
ADB: Azerbaijan can keep budget deficit at range of 1-2% this year
Finance
- 15 March, 2017
- 09:33
Baku. 15 March. REPORT.AZ/ The Asian Development Bank (ADB) forecasts oil prices at 56-57 USD/barrel in the global market this year.
Report informs, Azerbaijan Country Director for ADB Nariman Mannapbekov said.
N.Mannapbekov also spoke about the loan in the amount of 500 mln USD, allocated in 2016 for diversification of Azerbaijan's economy: "The credit contributed to reduce budget deficit by 0.5% in 2016, which is much lower than forecasted in February of last year".
ADB official said that in 2017, the government may keep the budget deficit in the range of 1-2%. He also commented on the removal of Azerbaijan from the Extractive Industries Transparency Initiative (EITI) and said that expressed support for continuation of the discussions.
Author
Latest News
16:47
Germany's Chargé d'Affaires summoned to Russian Foreign Ministry
Other countries16:44
UN resident coordinator hails Azerbaijan's contribution as middle power to UN activities
Foreign policy16:43
Deputy Minister: Comprehensive mechanisms needed for full integration of mine victims
Domestic policy16:40
Von der Leyen: EU received new multibillion-euro defense funding request from Ukraine
Other countries16:33
Major event to be held at Garabagh University to mark United Nations Day
Foreign policy16:33
Azerbaijan, NATO mull new joint mine action projects, official says
Foreign policy16:15
NATO official: Mine action is key to recovery and sustainable development
Foreign policy16:13
Photo
President Ilham Aliyev receives newly appointed UN Resident Coordinator in Azerbaijan
Foreign policy16:03