Economy Minister: "2 bln USD is a big figure, but does not reflect our potential fully"

9 February, 15:05 Share on social media:

Economy Minister Mikayil Jabbarov has become the guests of Azerbaijan Television's "Week" analytical-information program.

The Minister spoke about the successful results of the first year of the social-economic development of regions and the economic tasks set.

M. Jabbarov noted that 2019 was remember by the deepening of the social-economic reforms carried out under the leadership of President Ilham Aliyev: "Our biggest achievement is that in 2019, we witnessed the first real and significant results of the reforms. By first it should be clear that the last stage of the reforms is counted since April of 2018. On January 1, 2019, the amendments in the law in economy, taxes and other relevant fields entered into force." 

The Minister also announced the statistical data: "As a result of the Program on the Social-Economic Development of Regions in 2003-2019, GDP has increased by 3.4 times and the non-oil sector by 2.9 times. As our President said, this is a record. This is a calculated strategy and the result of the policy based on the execution discipline."

Mikayil Jabbarov highlighted that a special increase in the industry and agriculture has been observed: "We have reached 2 billion USD in the oil export. Despite the fact that it is a big figure, it does not reflect our potential fullu. The more important factor for us is increase tempo. We believe that as a result of the measures taken, we will be able to preserve the growth tempo."