According to him, the draft law the draft law has been developed jointly with members of the Finance Ministry and Economic Policy Committee of Milli Majlis, all recommendations of the Ministry have been taken into account.
Samadzadeh noted that $80 bln was invested in Azerbaijan’s econom during past 5 years: “Today, Azerbaijan’s
Committee Chairman noted that today, Azrebaijan has financial base and it formed currency stocks of the country: “Azerbaijan’s non-oil and gas sector has been provided by 56.5% and fulfilled. Public debt fell 9%.”
Samadzadeh stressed that all world countries have shadow economy: “Today, Azerbaijan is combating it and consequently, tax incomes and budget receipts increased”.
The MP said that state programs on support to development of entrepreneurship and regions will be implemented in 2014-2018: “At the same time, procurement sphere also developed. AZN 114 mln was saved in this sphere. One per cent saving results in AZN 70 mln –payment to the state budget”.
He also spoke about economic projects, new jobs in the regions: “Several programs on industrial development and agrarian sector have been implemented I the regions. No state can live without borrowing. We borrow for innovational development. If the debt is increasing, the GDP also is increasing. Today, more than 100 countries have debt. There are only 5-6 countries with less debt. Azerbaijan is trying to be among them”.
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