BAKU, Azerbaijan, February 13. The Ministry of Finance accounted for 41.7 percent of Azerbaijan's raised foreign state debt, stepping up to the plate on behalf of the government to bridge the budget gap.
The data obtained by Trend from the Ministry of Finance indicates that the remaining 58.3 percent of the foreign state debt is tied up in obligations for programs and projects that are in the hands of other implementing agencies.
To note, the State Oil Fund of the Republic of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA) hold reserves totaling $71 billion, which exceed the country's foreign state debt by approximately 14 times at the end of the reporting period.
Azerbaijan's foreign state debt stands at $5.1 billion as of January 1, 2025.
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