DYNAMIC ECONOMIC DEVELOPMENT OF Azerbaijan TO BE IMPOSSIBLE WITHOUT UPGRADE OF NON-OIL SECTOR вЂ" MP SAFAROV
The dynamic economic development of Azerbaijan is impossible without upgrade of the non-oil sector and the government holds active policy for rational use of oil revenues, Sattar Safarov, the chairman of the permanent parliamentary commission on economic policy, told a ceremony of the 5th anniversary of CreditAgro, the non-bank credit organization on Wednesday, Trend reports.
В"If 10 years ago the budget revenues comprised 504bn manats, today it comprises 10,500trln manats, MP stressed noting that the surplus of the public budget was 800bn manats in 2005.
В"The development of the non-oil sector is a priority of AzerbaijanвЂ™s economic policy,вЂќ Safarov underlined. The Azerbaijani government pursues a policy of active integration into the world economy, in particular develops close cooperation with the United States.