The economy of Azerbaijan is forecast to grow by more than five percent in 2021, the country’s Economy Minister Mikayil Jabbarov said on Wednesday.

Jabbarov made the remarks during discussions of the bill "On state budget of Azerbaijan for 2022" at a meeting of the parliamentary Committee on Economic Policy, Industry and Entrepreneurship, News.Az reports.

The minister also reminded about the growth of added value in the non-oil sector from January through September this year.

"In recent years, the government has been pursuing a policy to develop industrial zones. So far, more than 500 documents in the field of investment promotion have been issued in the country. As for public investments, the preliminary bill of the state budget for 2022 envisions impressive funds for this," he added.

News.Az