Azerbaijan plans to establish an overall debt limit for state-owned enterprises for the medium-term period, APA reports.
This was announced at a meeting of the Board of the Ministry of Finance chaired by Finance Minister Sahil Babayev on November 13.
The meeting discussed issues related to aligning the financial reporting of state-owned enterprises with international standards, improving borrowing policies, and optimizing reporting mechanisms.
It was stated that under the new approach, an overall debt limit for state-owned enterprises is planned to be established for the medium-term period.
At the same time, a new scoring methodology for budget preparation, execution, and reporting is expected to be introduced starting next year.
The Finance Minister gave instructions on the preparation of relevant documents and the implementation of new mechanisms.
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