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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The Central Bank of Azerbaijan (CBA) has approved the ‘Concept of Policy on Risk-Based Control’. This is reported on the website of the structure.
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If 2 years ago a share of local revenues in the budget of the Nakhchivan Autonomous Republic was 20-25%, by this year's end a share of local revenues will exceed 50%.
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The Central Bank of Azerbaijan (CBA) has given binding instructions to 'Azsığorta', 'Atəşgah Insurance', 'İpək Yolu Insurance', 'Xalq Həyat Insurance', 'Aqrar Insurance' and 'AzRe Təkrarsığorta'. This is reported on the CBA website.
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The NBCO 'Para will hold a regular general meeting of shareholders on 4 February at 11:00.
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