President Ilham Aliyev: Sharp drop in oil prices caused great damage to Azerbaijan


March 31, Fineko/abc.az. The State Budget of Azerbaijan for 2020 should be revised.

ABC.AZ reports that the relevant statement was made by country’s leader Ilham Aliyev during his meeting with Economy Minister Mikayil Jabbarov.

According to the head of state, the sharp drop in oil prices on the world market has caused great damage to Azerbaijan: "There should be no problems with the execution of the State Budget for this year. First of all, all social obligations must be fully met and all social infrastructure projects must be implemented. At the same time, budget expenditures should be reviewed, and non-urgent projects may be postponed.

Of course, when considering the inclusion or postponement of these projects, employment issues should also be considered. As investment projects realized by the government simultaneously affect employment."