Tahir Mirkishili, Chairman of the Milli Majlis Committee for Economic Policy, Industries, and Enterprising, proposed to increase investment costs in Azerbaijan in his speech at the plenary session of the Parliament held today, Report informs
“As important as it is to fight inflation in the current environment, it will be hard to reduce the rate to the desired level because the role of imports in the structure of inflation is significant. The anti-inflationary measures that will weaken the economic growth in the world, especially the tightening of the monetary-fiscal policy, are causing huge losses.
“Therefore, we believe it is important to conduct a hybrid economic policy to selectively stimulate production-related supply and limit mass consumption. The right way to avoid the economic crisis will be to accelerate economic growth amid high inflation. For this, we propose to increase the main investment costs that create new value. For this, we consider it appropriate to use more opportunities and abilities of the private sector,” he said.