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Azerbaijani president chairs Cabinet’s meeting on outcomes of socio-economic development during 6 months of 2011

12 July 2011 16:34 (UTC +04:00)

According to APA-Economics, President Aliyev noted that, socio-economic issues were solved, GDP rose 0.9%, during this period. He noted that, it decreased compared to e year earlier due to reduction of oil extraction: â€œOur main purpose is the development of non-oil sector and diversifying of economyâ€. He also noted that, the growth in non-oil sector made 7.2%, in agriculture â€“ 6.2% during the same period.

He stated that, populationâ€™s monetary income also increased by 17%. HE said that, the Azerbaijani budget reached $20 bln for the first time after amendments in budget and strategic currency stocks rose $9 bln. He noted that, Azerbaijanâ€™s strategic currency stocks make $38 bln: â€œWe can ensure the development of economy, allocate additional financial resources for solution of populationâ€™s social problemsâ€.

â€œAzerbaijani citizen is in the centre of our policyâ€, president said. According to him, execution of targeted social assistance program covering 125,000 families is being continued. Number of people living in poverty condition decreased by 5 times, during past 7 years. 38,000 work places were launched. At the same time, the programs on â€œAzerbaijani youth in 2011-2015â€, as well socio-economic development of Baku and surrounding settlements in 2011-2013 were adopted this year.

Thereafter, Minister of Taxes Fazil Mammadov, Baku mayor Hajibala Abutalibov, Minister of Communication and Information Technologies Ali Abbasov, Chairman of Azersu OJSC Gorkhmaz Huseynov informed about the socio-economic development processes in the country, during 6 months.

â€œOur economic performances are the results of our conducted works and the processes in the country continue positivelyâ€ said the president at the final speech and noted that, Azerbaijan had a firm standing in the region, spoke about the importance of Baku-Tbilisi-Kars Railway. He noted that, it was important the measures on keeping of macroeconomic stability, fulfillment of budget expenditure by 100%, socio-economic development of Baku and surrounding settlements to continue. He noted that, new terminal of Heydar Aliyev International Airport is being constructed. More new international airport will be constructed in Gabala. Speaking about construction of largest and modern seaport in Alat settlement, ship-building plant president noted that, number of metro stations will reach 30 during the next 4 years. President also noted that, military spending made $3.3 bln. President Ilham Aliyev noted that, it was important to establish industrial centers, development of ICT sector, entrepreneurship, tourism, solve the water and canalization problems during next 4-5 years.