Azerbaijan Republic: Selected Issues and Statistical Appendix

International Monetary Fund

No 2002/041, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; Azerenergy; value; price; cost; oil product; SOCAR refining cost; fuel delivery; SOCAR reports refining expenditure; refining activity; h. Azerenergy revenue; collection rate; Oil; Energy sector; Electricity; Fuel prices; Oil prices (search for similar items in EconPapers)
Pages: 47
Date: 2002-03-08
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