POLITICS
Political and social situation in Azerbaijan is stable, Presidential Administration official
Baku, January 4 (AZERTAC). Political and social situation in Azerbaijan is stable, chief of the Social and Political Affairs Department at the Presidential Administration, Ali Hasanov has said n an interview with AZERTAC.
“Steady continuation of socio-economic development under President Ilham Aliyev has rapidly increased the potential of Azerbaijan`s economy in 2011. Today there is a steady, stable and dynamically developing economic system in Azerbaijan.”
Hasanov praised the country`s economic achievements: “Radical changes in Azerbaijan`s socio-economic development were achieved not only in 2011, but over an eight-year period in general.”
“The country has implemented large-scale infrastructure projects, covering road transport sector, public provision, science, education, health, information and communication technologies, that is, covering all socio-economic, cultural and other spheres.”
The official said Azerbaijan had fully ensured its energy and food security.
“Azerbaijan`s economy has grown 3-fold in the last few years, while the country`s state budget saw a 20-fold increase. Our foreign currency reserves today make $50 billion.”
“The country`s energy potential strengthened, economy expanded, non-oil sector and industry are rapidly developing. The country has maintained macroeconomic stability, inflation is kept at an unchanged level. In the first nine months of 2011 inflation hit 8.4 percent, cash income grew by 19 percent. Evidently, the growth of cash income is twice more than inflation rate," Hasanov said.