Azerbaijan to focus on measures aimed at increasing economic activity next year – minister

The COVID-19 pandemic had a big impact on the global economy, said Azerbaijan’s Finance Minister Samir Sharifov.

Sharifov made the remarks Thursday during discussion on the state budget for 2021 at a parliamentary meeting.

Azerbaijan also suffered from its consequences, but thanks to the measures taken, large economic losses were prevented, said the minister.

“The economy is expected to shrink by up to 4 percent by the end of this year. In the coming year, a number of measures are envisaged to increase economic activity in the country,” said the finance minister.

Sharifov noted that the draft state budget pays special attention to the goals set by the head of state.

Next year, funds worth 261, 161, and 288 million manat will be allocated for appropriate measures to fight the coronavirus pandemic, the finance minister stressed.


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