BAKU, Azerbaijan, July 15. Although good results have been achieved in the fight against the shadow economy, there is still a shadow economy and some issues of concern, President of the Republic of Azerbaijan Ilham Aliyev said addressing the meeting dedicated to the results of six months of this year, Trend reports.
"Unfortunately, some of the personnel I trusted did not live up to my confidence. Of course, the shadow economy exists in every country, and what matters is the volume of it and the attitude of the state and government to it. The attitude of the state and the government is that this should not exist in Azerbaijan, and it is in our hands to prevent it from happening. After all, technology is developing and new possibilities of oversight are emerging. There should not be a negative factor called shadow economy here, or it should at least be minimized. Therefore, the most advanced technologies should be applied – accounting, control and, of course, personnel. If a person leading an institution works for his own pocket, no electronic control tools will produce the desired result. Therefore, there must be a combination of these factors here – institutional measures, of course, state control, public control and proper selection of personnel. This is why I think that even though our budget has increased, including a large increase as a result of transparency, there are still reserves. The shadow economy actually withdraws these reserves from the state and channels them into someone's pocket. This must be stopped and we must take advantage of every opportunity to do that," the head of state said.