Bank Of Baku

Minister: Increase of forecasts on oil will impact on budget forecast positively

Minister: Increase of forecasts on oil will impact on budget forecast positively
# 05 June 2012 07:33 (UTC +04:00)
To him, according to calculations, nearly 1% growth is predicted in the GDP. Increase of funds in the budget will cause some growth in service and other spheres too, and in turn, it will blow up GDP.

Touching upon the raise of authorized capital of Azerbaijan Investment Company, Mustafayev said that the considered funds are enough by the year-end. It is not improbable that, the authorized capital is expected to increase next year.
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