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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On November 19, Finance Minister Samir Sharifov stated in the Milli Majlis (National Assembly) that fines issued to citizens in Azerbaijan sometimes do not reach the state budget. According to him, a new software system has been developed to address this issue and ensure proper oversight of fine payments.
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‘Baku Stock Exchange' (BSE) has started its work since 19 November to take part in the annual meeting of the World Federation of Exchanges (WFE), which will end on 22 November.
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There is additional potential in Azerbaijan associated with budget receipts from leasing of state property.
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In 2025, AZN 1,162.6 million is forecasted to be allocated from the state budget to 56 public legal entities in Azerbaijan.
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