Finance Ministry interests in keeping stable exchange rate of manat

16:10 - 3.11.2022


November 3, Fineko/abc.az. The Ministry of Finance is interested in maintaining stable exchange rate of the manat.

ABC.AZ reports that Finance Minister Samir Sharifov said this at a meeting of the Milli Majlis Committee on Economic Policy, Industry & Entrepreneurship.

He added that the Ministry closely cooperates with the Central Bank of Azerbaijan for this purpose.

In addition, the minister said that due to high prices for hydrocarbons in the world, State Budget revenues are significantly higher than expected: "Therefore, it is not planned to use the funds intended to finance the budget deficit."

"Fiscal stability in Azerbaijan can be ensured primarily by reducing the deficit of the non-oil base from year to year. Another way is to maintain the stability of the revenues of the State Oil Fund," Sharifov added.

 

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