Azerbaijan's 2019 state budget drafted taking into account global financial trends

  24 September 2018    Read: 1239

The 2019 draft state budget of Azerbaijan has been drawn up taking into account the global financial and economic processes, Prime Minister Novruz Mammadov said at a regular meeting of the Cabinet of Ministers on Sept. 24.

The draft state budget of Azerbaijan for 2019, the draft consolidated budget and indicators of the consolidated budget for the next three years, the concept of economic and social development of Azerbaijan for 2019 and the next three years were discussed at the meeting.

Mammadov stressed that the successful economic policy being conducted under the leadership of President of Azerbaijan Ilham Aliyev has contributed to the country's dynamic development.

The prime minister said the draft state budget for the next year from this point of view was compiled on the basis of achievements, as well as taking into account the global financial and economic processes taking place in the world.

Mammadov added that as always the social orientation of the budget and the constant improvement of people's well-being were taken as a basis while preparing the draft state budget.

He added that special attention was paid to supporting the development of the non-oil sector, ensuring the defense power and security of the country, further improvement of the country's prestige on international arena.

Then, reports of Azerbaijani minister of finance and deputy minister of economy on the issues of the agenda were heard.

After the discussion of the drafts, a decision was made to approve them and submit a collection of documents included in the draft budget to the president.

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