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

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,

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