Azerbaijan examining need to revise consumer basket

  24 February 2015    Read: 1029
Azerbaijan examining need to revise consumer basket
Azerbaijan
He said the government revenue increases with the decrease in the national currency’s rate.

“What kind of difficulties can there be, if the revenues of the state budget grow? All the social payments will be, of course, made in a timely manner, and there will be no delays,” he said.

The minister added that in this situation, one can only talk about the reaction of the social protection system to the change in the prices in the market.

“We are working on it,” said Muslimov, adding that since Feb. 23, relevant structures of the ministry have been monitoring the situation.

“Unfortunately, in all countries, where there is a weakening of the national currency, the speculation in the markets is becoming a common thing,” the minister said. “In such cases, the antimonopoly structures should strengthen the administrative measures. In our case, the economy ministry deals with this, and, according to the available information, it [the ministry] conducts enhanced work in this direction.”

Muslimov also said his ministry will send the results of the monitoring to the government, and then the appropriate action will be taken.

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