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The ongoing global financial and economic recession shows that the countries living at the expense of others are implementing social programs through borrowing. As a result, they will encounter serious difficulties. Sooner or later, this borrowing will reach a limit. We are implementing our investment and social programs at our own expense.

From the opening remarks at a meeting of the Cabinet of Ministers of the Republic of Azerbaijan dedicated to the results of the socioeconomic development in the first quarter of 2012 and future goals
15.04.2012
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