President Aliyev: For the pace of economic development Azerbaijan is a world leader

Baku (AzerTAc) - “We have been an independent country for 20 years. Our destiny is in our own hands. The Azerbaijani people are masters of their fate. Over the 20 years the people of Azerbaijan have shown the world that we can live and develop as an independent state. For the pace of economic development Azerbaijan is a world leader,” said President Ilham Aliyev at a military parade marking the 93rd anniversary of the founding of Azerbaijan`s Armed Forces.
“No other country in the world has done and achieved as much as Azerbaijan has in recent years. All these achievements are confirmed by statistics. Over the past seven years, our state budget has increased 16 times and is 10 times bigger than the state budget of Armenia.”
He added: “Our military spending has increased 20 times, poverty has dropped five times, about a million new jobs have been created. Azerbaijan has set up major industrial enterprises. As a result of the successful economic reforms, the process of economic diversification is successfully ongoing, and a sustainable economy is emerging in Azerbaijan.”