BAKU, Azerbaijan, Apr.1
By Zeyni Jafarov - Trend:
The ratio of Azerbaijan's public debt to GDP is projected to make up 17.1 percent in 2021, showing a decrease by 1.1 percentage points compared to the forecast for 2020, the World Bank (WB) said in its ‘Economic Review of Europe and Central Asia’, Trend reports.
According to the WB forecasts, by 2022 the ratio of Azerbaijan's public debt to GDP will lower even more - to 16.7 percent, and in 2023 - to 16.5 percent.
As earlier the Finance Ministry stated, by early 2021 the country’s external public debt amounted to $8.8 billion, which is equal to 14.9 billion manat or 20.7 percent of GDP, while the domestic public debt totaled over 1.94 billion manat ($1.14 billion) or 2.7 percent of GDP.
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