GDP necessitates making accurate predictions - Azerbaijani finance minister

Economy Materials 23 May 2024 15:02 (UTC +04:00)
Elchin Mehdiyev
Elchin Mehdiyev
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BAKU, Azerbaijan, May 23. GDP forecasting is very important, Finance Minister Samir Sharifov said, Trend reports.

He made this statement during a meeting of the Committee of the Parliament of Azerbaijan on Economic Policy, Industry, and Entrepreneurship during the discussion of the draft law “On the execution of the State Budget of the Republic of Azerbaijan for 2023.”

“We should try to ensure that the growth rate of our state budget expenditures coincides with the growth rate of the economy and does not exceed it,” Sharifov said.

According to him, exceeding the growth rate of expenditures is acceptable for the economy only for a certain period.

“But it is inexpedient to resort to it permanently,” the minister added.

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