Inflation in Azerbaijan exceeds the established bar, and the main part of it is imported. According to Report, this was stated by Deputy Minister of Finance Azer Bayramov during a discussion of the draft law on the implementation of the state budget of Azerbaijan for 2021.
“As a result of the reforms carried out by the Ministry of Economics and the State Tax Service in recent years, today we can ensure the growth of our income in real and nominal terms adequately GDP,” said Bayramov.
According to him, the prices indicated in the forecasts for the oil sector are known, and “we are lucky that the price is quite high.”
“As a result, significant growth occurs. Given the features of recent years, we believe that this process will continue this year,” said Bayramov.