Azerbaijani president: Projects that are not priority must not be included in budget and investment programs

Azerbaijani president: Projects that are not priority must not be included in budget and investment programs
# 08 September 2015 13:36 (UTC +04:00)

Baku – APA. All necessary measures will be taken to ensure the continuation of economic development. Next year the government should work more actively to boost the economy.

Azerbaijani President Ilham Aliyev made the remarks on Tuesday at the meeting on economic issues and preparation of the state budget for 2016.

The head of state said a few days ago the government held a discussion dedicated to works on preparing the 2016 state budget.

“I’ve already informed about it. We are going to discuss this issue thoroughly. The real situation should be taken into account in the preparation of the 2016 state budget which needs to be more socially oriented. Of course, investment projects that are a priority should be implemented,” said President Aliyev.

We should avoid including minor projects that are not a priority in budget and investment programs, the president added.

“Wastefulness should be avoided and financial discipline strengthened further. We must strive to save funds. Now all countries are pursuing this policy, and we too should implement this policy more seriously. In previous years, we have been trying to solve all socio-economic issues faced by the country. That is why, in some cases, we allocated funds for relatively unimportant projects in order to boost development. Because there was a lot to accomplish.

We have now carried out major infrastructure projects, some of which are ongoing. But a fundamental turning point has emerged here. We have implemented a lot of social and infrastructure projects.

There is a solid foundation for business development and entrepreneurship in the country. Infrastructure projects, lending, and of course public policy should be mentioned. Therefore, we must look very carefully at the next year's budget. The main issues will be resolved in the budget, and all social programs will be implemented without reduction. Azerbaijani citizens can rest assured that there can be no reduction in this area. Social infrastructure projects will be implemented. Schools, kindergartens, and hospitals will be constructed. At the same time, social policy and institutional reforms will continue,” said the president.