Minister: Optimistic scenarios predict GDP growth by 4% next year, pessimistic scenarios - by 1.8%

Minister: Optimistic scenarios predict GDP growth by 4% next year, pessimistic scenarios - by 1.8%
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  • calendar-gray 23 December 2020

"In the state budget for 2021, optimistic scenarios predict GDP growth by 4%, pessimistic - by 1.8%," Minister of Economy Mikayil Jabbarov said this at a meeting of the Milli Majlis Committee on Economy, Industry, and Entrepreneurship dedicated to the budget package for 2021, APA reports.

The Minister noted that it is expected to ensure macroeconomic stability: “The processes of transparency in the labor market will continue. It is expected that at the end of 2020, the average monthly salary will be 702 manats. Next year, subsistence minimum will be set at 196 manats. "

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