Azer Mursagulov: reforms carried out in Azerbaijan allow to stabilize economy
By Trend
The reforms carried out in Azerbaijan have helped stabilize the economy, reduce inflation, and increase foreign exchange reserves, deputy director of the State Debt Management Agency of the Azerbaijani Ministry of Finance Azer Mursagulov said at the Fitch Ratings annual conference in Baku, Trend reports.
In particular, he noted the reforms carried out in the financial sector.
"Among them, new fiscal rules and government debt management strategy are of special importance," he said.
According to Mursagulov, the limit on the use of oil revenues will be calculated annually in accordance with the rules.
He also remarked that the public debt management strategy was approved last August by President of Azerbaijan Ilham Aliyev, and aims to improve the macroeconomic situation in the country.
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