In 2023, the country’s strategic currency reserves will increase by 17% or 10 billion. The US dollar increased to 68.5 billion dollars (at the level of 95% of GDP) and exceeds the foreign public debt more than 10 times.
Publika.az Prime Minister Ali Asadov, who presented the report on the activities of the Cabinet of Ministers in 2023, said this at today’s meeting of the Milli Majlis.
The prime minister said that by the end of 2023, the amount of foreign public debt decreased by 3.5% to 6.46 billion US dollars and made up 8.9% of GDP: “In the development of the national economy and the growth rate of GDP we must take into account the oil factor. From this point of view, work towards the stabilization of oil production will be continued with strict control. In the medium term, the acceleration of the growth rate of non-oil and gas GDP is predicted to compensate for the decline in the oil and gas sector and contribute to the acceleration of economic growth.”
Ali Asadov noted that during the reporting year, the expenses of the state budget of 2023 will be 3.3 billion during the reporting year. manat was increased, which allowed to reach the goals set in the Strategy last year.
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