Capital export from country to allow keeping inflation in level of 8-9% - Avaz Alakbarov
It is possible to keep one-digit inflation in the level of 8-9% in 2006 even with growth of state investments, Trend reports quoting Avaz Alakbarov, the Finance Minister, as saying to journalists.
He explained it with purchase of equipment in the framework of oil contracts at the expense of the large part of investments put in energy and transport. For example, 70% of the funds put in the construction of module stations are envisaged for acquisition of necessary equipment and technique from abroad.
According to Alakbarov, the government tries to solve economic issues and carry out expansion of state securities market as anti-inflation measures.
We try not to increase expenses on public management in order to avoid considerable impact on inflation, the Minister stressed. The same time, increase of state wages and pensions are expected in the level of 25-30%.
Alakbarov is sure that the base of 2005 is high enough i.e. considerable rise in prices was observed at world market in 2005. Therefore, impact on prices will not be considerable in 2006.