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Azerbaijan's strategic foreign exchange reserves reach AZN 88.4 billion

09 June 2026 11:29 (UTC +04:00)

"Our strategic foreign exchange reserves have reached AZN 88.4 billion," said Finance Minister Sahil Babayev said during the discussion of the draft law "On the Execution of the State Budget of the Republic of Azerbaijan for 2025" at today's meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship, APA reports.

The minister said that Azerbaijan is among the countries with the lowest ratio of public debt to gross domestic product (GDP):

"The exchange rate and external market risks associated with public debt have decreased during this period. Our average repayment period has now reached 3.83 years. Our strategic foreign exchange reserves have reached AZN 88.4 billion, which exceeds GDP by approximately 15%. Our budget was executed with a surplus. Looking at current expenditures in budget execution, their coverage through non-oil revenues has reached 92%, which is more than 7.5% above the forecast. We aim to increase this figure to 100% next year."

Firuza Vahid

Sahil Babayev Azerbaijan Ministry of Finance strategic foreign exchange reserves foreign exchange reserves AZN 88.4 billion state budget 2025 budget execution public debt GDP debt-to-GDP ratio budget surplus non-oil revenues fiscal policy public finance economy Milli Majlis Economic Policy Committee financial stability Azerbaijan economy