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Azerbaijan Republic: Selected Issues and Statistical Appendix
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2002: Issue 041
Language:
English
Publication Date:
08 Mar 2002
DOI:
https://doi.org/10.5089/9781451802559.002
ISBN:
9781451802559
ISSN:
1934-7685
Pages:
47
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
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund