Public debt of Azerbaijan exceeded $ 6 billion (UPDATED)

2014 March 03 (Monday) 16:55:05

As of January 1, Azerbaijan's public external debt amounted to 5 billion 753.2 million manat, representing 8.2 % of GDP, reported the Ministry of Finance of Azerbaijan.

According to the Ministry of Finance, about half of the loans (48.3%) were attracted by the government with a maturity of more than 20 years, from 10 to 20 years - 43.6%, up to 10 years - 8.1%.

Government entertains people that in other countries external debt is much higher. For example, in Turkey it is 36 % of GDP, Russia - 14.1%, Georgia - 32.9%, Hungary - 79.8%, Slovakia - 34.3%, and the Czech Republic - 40.2%.

Comparison of the data as the Ministry of Finance shows that in 2013 Azerbaijan's foreign debt rose from $ 5.7 billion to over $ 6 billion, in 2012- 201Z 's total debt increased by $ 1,233 million State external debt per capita in 2013 increased from $ 610 to $ 639.

Azerbaijan borrows debts guaranteed by the Government mainly from international financial organizations (World Bank, European Bank for Reconstruction and Development, the Islamic Development Bank, Asian Development Bank, etc. ) , as well as the Czech Banking Consortium , Japan International Cooperation Agency , the German Development Bank, etc. - 08D -