Azerbaijani population’s revenues to increase over seven per cent by year end

Azerbaijan, Baku, Oct. 8 /Trend E.Aliyev /

According to the expectations of Azerbaijan's Ministry of Economic Development, the income of the population by the end of this year will amount to 38.4 billion manats with a real growth of seven per cent, the drafts of the state and consolidated budgets of Azerbaijan for 2014, published by the Ministry of Finance, said.

This means that in 2014, the revenue of the population will increase by 6.4 per cent to 42.3 billion manats, in 2015 by 7.5 per cent to 47.2 billion manats and in 2016 by 5.2 per cent to 51.6 billion manats. These estimates are according to the macroeconomic forecasts and concept of social and economic development of Azerbaijan in 2014 and the next three years prepared by the Economic Development Ministry.

In 2017, the income of the population will grow by 4.2 per cent and amount to 55.9 billion manats.

According to forecasts, the average salary in the country in 2013 will amount to 439.3 manats with a real growth rate of 6.7 per cent. In 2014, this figure will be 479.4 manats with real growth of 5.4 per cent and in 2015 it will be 520.1 manats, with real growth of 4.5 per cent.

In 2016 and 2017, the average salary in Azerbaijan will amount to 566 manats and 618.1 manats respectively, with growth rates of 3.9 and 4.1 per cents.

The official exchange rate on Oct. 8 is 0.7844 AZN/USD.