Anti-inflation measures implemented by the government, maintaining balance in the foreign exchange market, exchange rate stability, and decisions related to macro-fiscal and monetary policies have had a reducing effect on inflation, said Prime Minister Ali Asadov during the presentation of the Cabinet of Ministers' report for 2024 at the Milli Majlis, APA reports.
He noted that the annual inflation rate remained within the target range during the reporting year. In December 2024, 12-month inflation stood at 4.9%, while the average annual inflation was 2.2%. In 2024, state budget revenues amounted to approximately 37.2 billion manats (102% execution), and expenditures were 37.7 billion manats (95% execution). Thus, macroeconomic and financial stability, along with a low single-digit inflation rate, were ensured to support sustainable economic growth.
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