IMF Staff Country Reports

Azerbaijan Republic: Selected Issues and Statistical Appendix

Publication Date:

March 8, 2002

Electronic Access:

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Summary:

This Selected Issues paper and Statistical Appendix estimates the size of quasi-fiscal subsidies implicit in domestic energy policies in Azerbaijan. The paper highlights that from a consolidated public sector perspective, quasi-fiscal subsidies are no cheaper than fiscal or on-budget subsidies. Eventually, the budget bears the cost of the quasi-fiscal activity via reduced tax or dividend payments. The only difference between the quasi-fiscal subsidy and the on-budget subsidy is transparency. The paper also outlines a method for estimating energy-related quasi-fiscal subsidies.

Series:

Country Report No. 2002/041

Subject:

Commodities Economic sectors Electricity Energy sector Fuel prices Oil Oil prices Prices