Ziyad Samadzade: Lack of labor contracts affects budget revenue growth

Baku. 26 September. REPORT.AZ/ Lack of labor contracts negatively affects growth of budget revenues.

Report informs, Chairman of Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship, Ziyad Samadzade said.

According to him, the Ministry of Taxes and Ministry of Labor and Social Protection of Population conduct joint work to eliminate the problem: "Imagine that if 10% of these contracts are concluded at workplaces, then hundred million manats of funds will enter the budget".

The deputy also said that if rate of any tax is reduced in Azerbaijan, it will lead to an increase in revenues from other types of taxes.