Measures Taken to Preventing Over-Inflation in Azerbaijan to Be Continued in 2007
The priority direction of the Azerbaijani Government in 2007 will be maintaining the macroeconomic stability, non-admission of excessive inflation rates, and the excessive increase in the exchange of AZN to USD, ensuring the independence and diversification of the economy, Sevindj Assadova, Deputy Azerbaijani Economic Development Minister has said during the today's joint sitting of the Parliamentary Commissions on discussing the macroeconomic indicators forecasts for 2007.
The volume of GDP in 2007 is summarily expected at the level of 22 bln. AZN, with the real growth rate at 26.3%.
I would like to give an example. In 2007, hydrocarbon-wealth of Russia and Kazakhstan will have this indicator at the level of 6% Рё 8.2% correspondingly. The weight of GDP per capita in the next year will grow by 27% and make up $3.000, and up to $5.000 in 2007- 2010, pointed out Mrs. Assadova.
According to her, the oil sector of the economy will continued to develop, and up to 2010, the oil production is expected to reach the volume of 67.3 mln. tons.
In 2007, the foreign trade turn-over is expected to be at the level of $19.7 bln., while the current operations on the balance of payment - $5.4 bln., and $16.90 bln. in 2010.