Azerbaijan govt predicts 5.3 pct economic growth this year
The Azerbaijani government predicts real GDP growth of 5.3% in 2013, Today.Az website reported referring to AzerTac state news agency.
Nominal GDP (including deflator) will be 56.07 billion manat
(0.785 manat/$1 on October 15).
The government forecasts that GDP will grow 7% in 2014 and it will
have a nominal value of 57.62 billion manat. Growth is forecast at
4.5% in 2015-2016.
Azerbaijan expects inflation of 5.7% in 2013, 5.2% in 2014, 4% in
2015 and 4.2% in 2016.
GDP grew 0.1% in 2011 and inflation was 7.9%. GDP growth was
predicted at 2.2% in 2012 and inflation at 4.7%.
The draft 2013 budget puts the price of oil at $100 per barrel. A
deficit of 656 million manat, or 1.17% of GDP, is planned. Revenue
is predicted at 19.15 billion manat (up 12.4% from 2012) and
spending - 19.81 billion (up 12.1%).
The 2012 budget was passed with revenue at 17.04 billion manat, spending of 17.67 billion manat and a deficit of 634 million manat, or around 1.3% of GDP.
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