Azerbaijan increased spending on servicing state debt and obligations by 82%
Azerbaijan's state budget expenditures on servicing public debt and obligations in January-September 2024 amounted to 1.2955 billion manats. This was reported by the Ministry of Finance.
According to the data, this is 81.5% more than the same period in 2023.
In 9 months, 1.1252 billion manats of the expenditures related to servicing public debt were allocated for external debt, and 170.3 million manats for domestic public debt servicing. This represents increases of 90.1% and 39.8% respectively compared to last year.
Finance
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Auction on early redemption of government bonds with codes AZ0201040208, AZ0201040240, AZ0201040265 and AZ0201040323 ISIN, placed by the Ministry of Finance, will be held at the Baku Stock Exchange on 25 February. This was reported by the Ministry.
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The Central Bank of Azerbaijan (CBA) has approved ‘Rules of Operational Risk Management in Banks’ developed on the basis of progressive international experience and standards.This is reported on the CBA website.
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In January 2025, contributions to compulsory state social insurance in Azerbaijan totalled AZN 443.4 million. This was reported by the State Tax Service under the Ministry of Economy.
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In 2024, insurance companies in Azerbaijan concluded 50,207 contracts of ‘Green Card’ for a total amount of AZN 7.2 million.This was reported by the Mandatory Insurance Bureau (BIB).
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