Last year, the external debt service the Ministry of Finance has been allocated AZN 632.7 million of budgetary funds, the report of the Cabinet of Ministers. Taking into account the inflation rate is twice less than a year earlier ($ 457.7 million.).
Of the total amount equivalent to AZN 440 million went to service the principal debt, 192.7 million manat -. On the accrued interest.
Total government has spent on the development of the loans under the state guarantees $ 823.6 million last year., Including for the development of the volumes of infrastructure (roads, water supply and sanitation, irrigation, etc.). --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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