"In 2026, expenditures related to servicing public debt are projected to amount to 2.5 billion manats. It is proposed that the upper limit of domestic public borrowing be set at 2 billion manats, the upper limit of external public borrowing at 6 billion manats, and the upper limit of state guarantees at 3 billion manats," said Finance Minister Sahil Babayev today during the discussion of the draft law “On the State Budget of the Republic of Azerbaijan for 2026” at the plenary session of the Milli Majlis, APA reports.
The minister emphasized that Azerbaijan is currently one of the lowest in terms of the ratio of public debt to GDP: “In the structure of the debt portfolio, the state’s external debt amounts to 32.8 percent of the total debt portfolio, which reduces the sensitivity of public debt to exchange rate and external market risks. As a result of the measures implemented this year, the average maturity of bonds has increased 2.4 times, reaching 3.5 years, and the share of 7-year and 10-year bonds in the bond portfolio has increased by 30 percentage points. This enables the refinancing of bonds and optimization of the repayment burden.”
Follow us on Telegram
t.me/apanewsaz
Follow us on Instagram
Follow us on TikTok
Follow us on Facebook
Follow us on X
