MP: Saving of transfers to Azerbaijan’s Oil Fund observed in 2021

17.01.2022,13:11


January 17, Fineko/abc.az. Last year's economic growth also gave grounds for optimistic forecasts for 2022.

ABC.AZ reports that the above-mentioned statement was made by MP Vugar Bayramov.

The MP noted that the reforms carried out in the economy in 2021 also made it possible to increase the revenues of the fiscal budget than predicted.

"The increase of State Budget transfers from the non-oil sector in 2021 led to savings on transfers to the State Oil Fund. This made it possible to forecast the largest budget of the period of independence for 2022. From this point of view, the development of the economy, the recovery of economic growth rates allowed us to make optimistic forecasts and estimates of the economy for 2022," Bayramov said.