Education and health allocated 4.6% of public investment in recent years

Fruits of public investment from the oil sector to other sectors of the economy of Azerbaijan are already visible, although the same in Norway it took about 20 years. However, experience in the homeland of the Vikings was positive, unlike the Country of Flames.

Even today, the government's priorities are obvious. But money invested in agriculture, food and tobacco industry, winemaking, light industry (weaving carpets and textiles) and the chemical industry, power engineering, metallurgy, engineering and tourism, do not pay off . Anyway, the profits derived from the projects involved are not palpable for society, says Doctor of Economics Gubad Ibadoglu.

According to the founder of the Center for Economic Research, expressed by Turan, given the oil costs, the reason is at the performers. Money invested in the projects of Ministry of Communications and Information Technology gives a real effect, and the return on investment in the above mentioned industry nationwide is not noticeable.

Based on the statistics, we can conclude that the Azerbaijani authorities intend to continue to develop the country by oil and service sectors. In 2013, turnover was recorded ( the rate of not less than $ 50 million) from 138 countries, with the surplus recorded in trade with 36 of them due to the export of crude oil.

In 2007-13 investment projects were spent 32.5 billion manats from the budget, of which health and education were allocated 1.5 billion, including culture and tourism across the country. For comparison - the same amount allocated to the Executive Power of Baku for city transport projects absorbed 7 billion and projects providing the population (mainly capital) with drinking water absorbed 2 billion manats.

Doctor of Economics once mentioned about the fragility of oil revenues and urged the government to spend them wisely for the benefit of future generations. - 17D-