Bank Of Baku

MP Ali Masimli: “Economic growth model in Azerbaijan must be changed”

MP Ali Masimli: “Economic growth model in Azerbaijan must be changed”
# 13 November 2012 15:27 (UTC +04:00)

 

He also appreciated increase of wages of employees of organizations financed by state budget. At the same time, he noted that Azerbaijan’s economic growth model had to be changed: “we must change to education centre from oil centre”. 

 

According to him, social benefits must be increased and sum of these benefits must fit the minimum living standards. He also noted that he was dissatisfied with majority of incomes of state budget came from State Oil Fund: “Without Oil Fund, our incomes make AZN 7.8 bln. So we can not meet our current demands”.  

 

He also spoke about increase of sum allocated for mortgage and noted that this sum had to increase to AZN 60-80 mln.

 

He offered to reduce mortgage loans by 1-2% an increase mortgage sum to AZN 50,000 from AZN 35,000.

 

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