BAKU: Parliamentary hearings on Azerbaijan’s Bill on State Budget 2015, launched today, have led to the first political statements.
Presenting the budget package, Finance Minister Samir Sharifov said that in 2016 and 2017-19 the government plans to review and limit tax and customs exemptions on some spheres and even cancel them on some sectors.
“At the same time in the medium-term prospect it is planned to simplify the taxation of public catering, trade and construction. That will give an additional impetus to development of entrepreneurship that will eventually lead to growth of State Budget income,” Sharifov said.
He considers that among the priorities of medium-term fiscal policy should be increased share of the non-oil sector in the budget revenues, decrease of State Oil Fund’s transfer to the budget, and further steps on privatization of state property.
