Azerbaijan’s direct foreign debt decreased by 3% this year

Azerbaijan’s direct foreign debt decreased by 3% this year

Azerbaijan’s direct foreign debt as of July 1 this year 7 billion 167.1 million US dollar, and direct domestic government debt 2 billion 789.7 million formed manat.

“Report” reports that this was stated in the “Half-yearly summary of the implementation of the 2022 State budget” of the Chamber of Accounts.

According to the document, direct foreign debt in 6 months 226,3 million USD or 3,1 % decreased, direct domestic public debt 282,6 million manat or 11,3 % increased.

General contingent liabilities of Azerbaijan on foreign public debt during the reporting period 715,2 million US dollars, and contingent liabilities on domestic guarantees 738.8 million was manat. So general contingent liabilities 131,5 million manat increased, as a result of the total public debt 29,4 an increase of million manats was recorded. Contingent liabilities on internal guarantees compared to the beginning of the period 177,5 million manat (31,6 %) increased.

“The increase in the total state debt was due to the increase in domestic borrowing, the amount of foreign state debt decreased and contingent liabilities on domestic state guarantees increased”, – the information of the Chamber of Accounts states.

As of July 1 of this year, the total national debt of GDP 14,7 %-ni, including foreign public debt of GDP 11,7 %, and the domestic public debt of GDP 3 %organized the

It should be noted that the upper limit of domestic state borrowing for this year in the state budget 1,1 mbillion manats, the upper limit of foreign state borrowing 600 million manats, the upper limit of the amount of state guarantees to be issued during the year 800 million manat was determined.

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