Azerbaijan Outlines Key Responsibilities For Formulating Its Fiscal Policy


(MENAFN- Trend News Agency) BAKU, Azerbaijan, September 24. Among the main tasks in determining the budget policy for the next year and the mid-term period is the implementation of measures provided for by the“Strategy of Socio-Economic Development for 2022-2026,” Prime Minister Ali Asadov said, Trend reports.

He made the remark during a speech in the Cabinet of Ministers at the discussion of the draft state budget and consolidated budget for 2025 and indicators of the consolidated budget for the next three years, the concept and forecast indicators of economic and social development for 2025 and the next three years.

Moreover, among them, according to the Prime Minister, are the restoration and reconstruction of Karabakh and Eastern Zangezur, their reintegration into the country's economy and ensuring the “Great Return," strengthening the country's military-defense power and security; implementation of the measures envisaged in the State Program for the socio-economic development of the Nakhchivan Autonomous Republic; and an additional social support package to strengthen the social protection of the population and improve its welfare.

''The main challenges are to support sustainable economic growth, to ensure macroeconomic stability and budget stability,'' the prime minister noted.

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Trend News Agency

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