BAKU, Azerbaijan, July 22. Azerbaijan’s domestic public debt stood at 17.17 billion manat ($10.14 billion) as of July 1 this year, making up 13.1 percent of the projected GDP for the year.
The data obtained by Trend from the Ministry of Finance shows that, based on preliminary data on the use of funds under ongoing projects financed through external borrowing, and taking into account principal repayments, Azerbaijan’s external public debt stood at $5.01 billion.
This year’s state budget allocates 2.4 billion manat ($1.42 billion) for servicing public debt and obligations. In the first half of the year, 1.027 billion manat ($606 million) was spent on debt servicing, including 328.7 million manat ($194 million) for domestic debt interest payments and 698.8 million manat ($412 million) for external debt (498.5 million manat or $294 million] in principal and 200.3 million manat or $118 million in interest).
Azerbaijani state budget revenues reached 19.8 billion manat ($11.69 billion) in the first six months of this year, exceeding the forecast of 19 billion manat ($11.29 billion) by 704.8 million manat ($416 million), and were 961.1 million manat ($567 million) higher compared to the same period of 2024. This corresponds to 51.6 percent of the annual state budget revenues for this year.
The state budget expenditures for the first half of this year amounted to 17.09 billion manat ($10.1 billion), equal to 41.3 percent of the annual state budget expenditures. This is an increase of 1.04 billion manat ($617 million) or 6.5 percent compared to the same period last year.
