The book entitled Oil Glitter of Economy by Dr. of Economic Sciences of Azerbaijan, Inglab Ahmadov, was published in Russian, Trend reports. The book covers the activities over many years of the expert group of the Public Finance Monitoring Center (PFMC), which studied the international experience and role of the oil factor in the economy of Azerbaijan over the period of its independence.
The book contains systematic analyses of the oil factor's impact on the course of the national currency, real sector and budget of the country.
In the recent past, experts ask if there are symptoms of Holland disease in Azerbaijan, if it has been avoided or if we need to drink the bitter cup of this disease.
The main attention of the book has been paid to the non-oil budget and conformity of the State budget with the rates of the flow of oil and gas revenues to the country.
The second part of the book describes the mechanism of management of the oil revenues in Azerbaijan. The principle and active rules of the State Oil Fund of Azerbaijan Republic may be interesting not only for the readers of Azerbaijan, but also foreign auditors who are interested in oil questions.
In addition, on the base of numerous examples of oil producing countries, the book provides comparative analysis of various ways of managing oil revenue.
The book was published through the support of the Open Society Institute вЂ" Assistance Foundation. The book can be obtained from PFMC's Office or the online version can be viewed on the web-site www.pfmc.az .