MP: Azerbaijan’s currency reserves exceed external debt by 4-5-fold

MP: Azerbaijan’s currency reserves exceed external debt by 4-5-fold
  • Clock-gray 10:45
  • calendar-gray 29 June 2018

Draft law on ‘State budget of Azerbaijan Republic for 2018’ has been discussed at extra-ordinary meeting of the parliament.

 

The Chairman of the Committee on Economic Policy, Industry and Entrepreneurship of the Parliament Ziyad Samadzade said that Azerbaijan currency reserves are 4-5-fold higher than external public debt: ‘New draft law will also affect significant increase of per head budget expenditures.  State Customs Committee overfulfills the forecast by 25-30%. If we improve coordination among Ministries of Taxes, Finance, State customs Committee and other bodies, we’ll have more opportunities to develop’.  

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