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Falling oil prices not to cause problems in Azerbaijani social security – minister

Politics Materials 15 September 2015 16:41 (UTC +04:00)
The fall in oil prices on world markets will not create problems in matters of social security
Falling oil prices not to cause problems in Azerbaijani social security – minister

Baku, Azerbaijan, Sept. 15

By Elmir Murad - Trend:

The fall in oil prices on world markets will not create problems in matters of social security, Minister of Labour and Social Protection of Azerbaijan Salim Muslimov said at a press conference Sept.15.

He said that the government pursues a balanced policy in this regard.

"The government controls this issue," the minister said. "No changes in the social security policy due to oil cheapening are expected. On the contrary, we try to pay more attention to the issue of social security of the population and try to increase the number of social projects."

In accordance with the drafts of state and consolidated budgets for 2016 published by the Azerbaijani ministry of finance, budget revenues were formed taking into account the oil prices at $50 per barrel.

Edited by CN

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