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Ministry of finance: In 2017, Azerbaijan managed to ensure macroeconomic stability UPDATE

Business Materials 22 May 2018 13:02 (UTC +04:00)
In 2017 Azerbaijan managed to ensure macroeconomic stability, financial stability, and economic growth, Deputy Finance Minister Azer Bayramov said at a meeting of the Parliamentary Committee on Economic Policy, Industry and Entrepreneurship during the discussion of the draft law "On the execution of the state budget of Azerbaijan for 2017".

Details added (first version posted on 12:37)


Baku, Azerbaijan, May 22
By Ilkin Shafiyev - Trend:


In 2017 Azerbaijan managed to ensure macroeconomic stability, financial stability, and economic growth, Deputy Finance Minister Azer Bayramov said at a meeting of the Parliamentary Committee on Economic Policy, Industry and Entrepreneurship during the discussion of the draft law "On the execution of the state budget of Azerbaijan for 2017".


The official said that, such indicators have been achieved through economic reforms carried out in the country.

"I would like to note that in 2017 compared to the previous year, Azerbaijan's strategic foreign exchange reserves increased by $4 billion and amounted to $41 billion. Budget revenues, excluding transfers from the State Oil Fund, increased by 5.3 percent. Azerbaijan's foreign trade has grown by more than 12 percent, non-oil exports - by 24.4 percent, revenues from the non-oil sector-by 5 percent," Bayramov said.

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