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Azerbaijan Economical Policy Corresponds to National Interests of People Parliamentary Commission Head

Business Materials 16 January 2007 17:27 (UTC +04:00)

The Chairman of Azerbaijani Parliament Permanent Economic Policy Commission, MP Ziyad Samadzade, said that the increase of the inflation exceeds the money revenues, and that the level of living standards of the Azerbaijan population will go down. According to him, the rate of the inflation increase is not comprised with increase of the salary, but growth of revenues. The salary in Azerbaijan forms 30% of the money revenues. The rate of the development allows to say that the volume of the salary will take a main place in the money revenues. Already several years, the money revenues in Azerbaijan turned in twice inflation, Samadzade said.

He said that it is inaccurate to consider the inflation as an emergency factor. The inflation appears depending on the level of the economical development.

He also said that when the increase of the inflation exceeds the money revenues, then the level of living standards of the Azerbaijan population will go down. Even the experts who do not wish to see Azerbaijan development consider that presently the development of Azerbaijan is very high as comprised to the past years, and it will allow to decrease poverty and unemployment. The economical policy of Azerbaijan corresponds to the national interests of the people, Samadzade said.

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