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27B manats needed to realize Azerbaijan’s strategic road maps

Business Materials 9 December 2016 17:31
Twenty-seven billion manats will be required for Azerbaijan to implement the strategic goals outlined in Strategic Road Maps for the National Economy and Main Economic Sectors.
27B manats needed to realize Azerbaijan’s strategic road maps

Baku, Azerbaijan, Dec. 9

By Azad Hasanli – Trend:

Twenty-seven billion manats will be required for Azerbaijan to implement the strategic goals outlined in Strategic Road Maps for the National Economy and Main Economic Sectors.

The amount, required for the implementation of the strategic road maps on all economic sectors until 2020, will be provided through the state and private sources.

The strategic road maps will be implemented through the state budget, extra-budgetary funds, the National Fund for Entrepreneurship Support, local budgets, local administrations, enterprises, organizations, foreign direct investments, bank loans and grants, loans, technical and financial assistance of international organizations and foreign countries, as well as other sources not prohibited by law.

“Most of the necessary funds will be provided through restructuring the existing budgets, as well as the joint efforts of the private sector and various investors,” says the Strategic Road Maps for the National Economy and Main Economic Sectors.

Azerbaijan’s President Ilham Aliyev signed a decree endorsing “Strategic Road Maps for the National Economy and Main Economic Sectors” on Dec. 6.

The decree aims to define the country’s development goals and priorities and ensure their implementation.

The following strategic road maps were approved by the presidential decree:

• Strategic Road Map for the prospects of the national economy of the Republic of Azerbaijan;

• Strategic Road Map for the development of the oil and gas industry of the Republic of Azerbaijan;

• Strategic Road Map for the manufacture and processing of agricultural products in the Republic of Azerbaijan;

• Strategic Road Map for the manufacture of small and medium entrepreneurship-level consumer goods in the Republic of Azerbaijan;

• Strategic Road Map for the development of heavy industry and machinery in the Republic of Azerbaijan;

• Strategic Road Map for the development of specialized tourism industry in the Republic of Azerbaijan;

• Strategic Road Map for the development of logistics and trade in the Republic of Azerbaijan;

• Strategic Road Map for the development of housing provision at a reasonable price in the Republic of Azerbaijan;

• Strategic Road Map for the development of vocational education and training in the Republic of Azerbaijan;

• Strategic Road Map for the development of financial services in the Republic of Azerbaijan;

• Strategic Road Map for the development of communication and information technologies in the Republic of Azerbaijan;

• Strategic Road Map for the development of utilities (electricity and thermal energy, water and gas supply) in the Republic of Azerbaijan.

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