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Azerbaijan to increase payments on government debts next year

Azerbaijan to increase payments on government debts next year

24 October 2011 12:07 (UTC +04:00)

So that, foreign government debt is planned to be AZN 2 bln, domestic government debt â€“ AZN 1 bln in 2012.m

â€œPayments on foreign government debt is expected to be AZN 235,945,309,000, as well on main debt â€“ AZN 114,835,772,000, on interest rates â€“ AZN 121,109,537,000â€, said the Cabinet.

At the same time, payments on domestic government debt will be AZN 126,466,004,000, including on main debt â€“ AZN 96,176,080,000, interest rates â€“ AZN 30,289,924,000.

As it seems, AZN 362,411,313,000 is planned to allocate from state budget to government debts in 2012, up 4.5% from 201. Consequently, payments on foreign debts are planned to increase by AZN 9.7 mln or 4.3%, on domestic debts â€“ AZN 6.1 mln or 5%.

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