BAKU, Azerbaijan, March 5. Azerbaijan’s government does not intend to completely abandon its oversight role in the economy, the country's Deputy Prime Minister Samir Sharifov said, Trend reports.
Speaking at the forum titled “Looking to the Future in the Tax System: New Governance Model and Data-Driven Decisions,” Sharifov emphasized that the government’s objective is to make economic oversight more efficient and aligned with modern economic processes rather than eliminate it.
“Our goal is not to completely abandon the oversight function in the economy. Today, relations between the state and business are entering a new stage. Economic development is possible not only through administrative regulation but also through a system of relations based on trust,” Sharifov said.
He noted that predictable policies, clear rules, and a stable approach are key indicators of a healthy business environment. According to Sharifov, the government aims to transform regulation into a “smarter and more effective format that corresponds to economic processes.”
“The government’s goal is not to completely abandon the control function or reduce it to a minimum, but to make it smarter, more efficient, and aligned with economic processes. The reduction of the ‘shadow economy’ should also be viewed as a result of this systemic and institutional approach,” he said.
Sharifov also stressed the importance of properly defining priorities in budget and fiscal policy, improving the efficiency of public spending, and strengthening non-oil revenue sources.