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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Rising prices for electricity, natural gas and heat in Azerbaijan since the beginning of this year may have a significant impact on annual inflation at the level of 0.51 %.
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The Central Bank of Azerbaijan (CBA) forecasts that an average price of a barrel of oil in the world market in 2025 will be $77.3, and the price of 1000 cubic metres of natural gas - $349.
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The Central Bank of Azerbaijan (CBA) forecasts that by the end of 2025 the country's economic growth will be 3.3 %, including the production of gross domestic product (GDP) in the non-oil and gas sector to grow by 5.2 %.
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According to updated forecasts of the Central Bank of Azerbaijan (CBA), annual inflation is expected to be about 5.5 % in 2025 and about 3.8 % in 2026.This is reported on the CBA's website.
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