Gubad Ibadoglu: Next Year`s Budget Should Be Discussed by General Public

Yesterday the Cabinet of Ministers sent the draft state budget for next year for the consideration and approval by the President. The gains and losses are determined at the oil price rate of $ 40 per barrel. The forecasts were also directed to the Administration of the Head of State with respect to fiscal policy and concept of economic development until 2020.

Responding to a question about why a broad discussion of the main fiscal document is not held with the assistance of the public, Doctor of Economic Sciences, Chairman of the Azerbaijan Movement for Democracy and Prosperity, Gubad Ibadoglu, on his page on Facebook wrote the government had to bring the information to the broad masses on the background of calls for a referendum. The people voting for the future of the fundamental law of the country should be aware what awaits them at least after the New Year. Hiding the truth raises serious concerns, the expert believes.

Speaking on the alleged reduction of transfers to the state budget from the State Oil Fund by 1.5 billion AZN and referring to the Minister of Finance Samir Sharifov on the matter, the expert noted the lack of fiscal preconditions for declaring such indexes, calling it a voluntary approach. --17D-