As of January 1 of this year, the state external debt of Azerbaijan is 6 billion 913.2 million US dollars (12 billion 241.3 million manat). This is 1% more than at the beginning of last year.
According to the Ministry of Finance, for the fourth quarter of last year the state external debt decreased by $ 737.5 million.
The ratio of external debt to GDP is 20.4%.
The Ministry of Finance does not report on the structure of the national debt, noting only that it consists of loans from international financial institutions and government securities placed in international financial markets. Unlike previous reports, the ministry does not also report on the currency structure of debts and the terms of their repayment.
In 2017, 10% (1 billion 641 million manat) of state expenditures will be directed to repayment of external and internal public debt. ----08D
Economics
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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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Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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