Samir Sharifov: "AZN 500 mln. surplus developed in budget"

Samir Sharifov: "AZN 500 mln. surplus developed in budget"
  • Clock-gray 15:47
  • calendar-gray 02 June 2020

“In 2019, Azerbaijan’s foreign currency position significantly strengthened”, said the minister of Finance Samir Sharifov during discussion of the draft law “about execujtion of state budget of the Azerbaijan Republic for 2019” at the meeting of the Economic policy, industry and entrepreneurship committee of the Azerbaijani Parlaiment held today, APA reports.

He said the foreign currency reserves have excelled the state debt approximately 5 times:

“We don’t hurry. We rather demonstrate wait-and-see attitude. Some negative economic impacts of the quarantine were inevitable. I would like to note that our operative data show that there is no any problem in execution of the budget. As a result of the 5 months of this year, the sufficient amount of surplus is present in the budget. According to the operative data, it turned out that AZN 500 mln. surplus has developed in our budget”.

The minister also said no appeal has been made on the part of the Ministry of Finance regarding reconsideration of the state budget.

Firuza Vahid

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