“According to the new bill discussed in the National Assembly, the minimum price of alcoholic beverages will be determined. The changes provide for the minimization of the price of vodka products.”
Oku.Az According to Vugar Bayramov, deputy economist at the Milli Majlis, he expressed this opinion on his social network account.
He stressed that in the first nine months of this year in Azerbaijan 1,882 million manats were spent on beverages and tobacco products.
“Compared to the same period last year, our citizens spent 132 million manats more on drinks and cigarettes. That is, the share of drinks and tobacco products in the family budget is increasing.
Our citizens spend 5 manats out of every 100 manats they earn on alcohol and cigarettes. While the increase in the costs of alcohol and tobacco is related to the increase in the price of these products, there is also an increase in demand. The World Health Organization predicts that alcohol consumption in Azerbaijan will increase in the coming years. While per capita consumption is now 2.0 liters, it is expected to be 2.5 liters next year and 3.9 liters in 2030. As consumption increases, so does the cost.
Therefore, by reducing the consumption of alcohol and tobacco products, it is possible to save money and be healthier. “Therefore, it is more beneficial to export alcohol and tobacco products than to consume them.”
