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The way out of the crisis in Azerbaijan

12-06-2019, 19:23

The way out of the crisis in Azerbaijan


















Mehman Ahmedzadeh

It should not be overlooked that there are a number of problems that need to be addressed to ensure the living conditions of the population while evaluating socio-economic reforms and their results carried out in Azerbaijan in 1992-2019.
1. Negotiations to resolve the issue of occupation of Azerbaijani regions occupied by Haystan in 1988-1993 do not give any results. The way out of this situation can be seen in resolving the Nagorno-Karabakh conflict through the UN International Court of Justice. It is known that the International Court of Justice has the power to prosecute military aggression against Azerbaijan, to assess the motives of the crime, and to prosecute and punish its customers, organizers and executives. It is necessary to remind marshal Zhukov's words to the Kremlin leaders who oppose the resolution of the conflict on the International Court of Justice: "For every step taken to the victory the Golden Army is bound to Baku oil!"
2. The failure to comply with accounting and reporting requirements in the production and service sectors limits the state's financial potential. Comparing the state budget of Azerbaijan that is not more than $ 13 billion with Austrian and Dutch budgets who do not have oil, gas, cotton is disgraceful. Specific measures should be taken in order to minimize inefficient funding.
3. Clarification of reasons for the sheltering of millions of Azerbaijanis in Russia, Ukraine, Kazakhstan, Israel, Germany in the last 26 years, and the prevention of this process requires concrete measures.
4. The correct solution of the country's financial problems should be conditioned by the increase of the tax rate levied on legal entities and individuals, who build a multistorey building instead of increasing the value of the transport service cost to 50% for the citizens.
5. The necessity of solving the issue of economic viability of contracts of Azerbaijani subjects with non-residents on use of underground and surface resources at the sessions of the Milli Majlis or referendum should be acknowledged.
6. Detailed analysis of foreign investments attracted to development of oil and non-oil sector of Azerbaijan economy in 1993-2019 should be conducted.
7. Audit inspections should be conducted to assess the utilization of foreign debts taken by the Republic of Azerbaijan in 1993-2019.
8. The foreign exchange policy pursued by the way of transformation of currency reserves of the Republic of Azerbaijan into deposits of foreign banks in 2009-2019 prevents the use of these resources for the purposes of accelerating the development of manufacturing industries of the republic.
Azerbaijani specialists who are able to cope with the above mentioned problems and are interested in accelerating the development of the national economy are not few.
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