The state budget was discussed at a joint meeting of the parliamentary committees on defense, security and fighting corruption, economic policy, industry and entrepreneurship, agrarian policy, public unions and religious organizations, natural resources, energy and ecology Nov. 30.
“Rate of real growth of Azerbaijan’s GDP is projected at 1 percent, while growth of the country’s non-oil GDP is projected at 2.5 percent in 2017,” Sharifov said.
He added that the country’s GDP is expected to reach 58.8 billion manats (official exchange rate on Nov. 30 is 1.7318 AZN/USD) in 2016, which is 2.8 percent less than in 2015.
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