The total volume of Azerbaijan's public debt (external and internal one) by the end of next year is projected at 30 billion manats ($17.647 billion) or 23% of GDP, reads the commentary of the Ministry of Finance on the preliminary indicators of the state and consolidated budgets for next year, Report informs.
It is expected that during this period, the external public debt will amount to 9 billion manats ($5.294 billion) or 7% of GDP, and the internal public debt to 21 billion manats ($12.352 billion) or 16% of GDP.
The total amount of Azerbaijan's public debt (external and internal one) by the end of the medium-term period (2025-2028) is projected at 33.8 billion manats ($19.882 billion) and will be below 23% of GDP.
The external public debt of Azerbaijan as of July 1 of this year amounted to $5.361 billion. Multilateral financial institutions account for 64.2% of the external public debt, bonds placed on the external market for 25.9%, loans attracted from bilateral financial institutions for 9.9%. In addition, 25.9% of the debt were Eurobonds, 35% - liabilities to the Asian Development Bank, 16.7% - to the World Bank, 22.4% were liabilities attracted from other creditors.
Of Azerbaijan's domestic public debt, which amounted to 16.571 billion manats ($9.747 billion), 7.28 billion manats ($4.282 billion) were government securities in circulation, and 9.291 billion manats ($5.465 billion) were government liabilities under state guarantees.
