Azerbaijan's total state debt stood at 24,464.7 million manats as of April 1, representing 18.7 percent of the projected gross domestic product (GDP) for the current year. According to the Ministry of Finance, this figure reflects an 8.1 percent decrease compared to the same period last year, highlighting a positive trend in the country's fiscal management.
Operative Information Center-OMM, citing the Ministry of Finance, reports that external debt amounted to 4,689.3 million US dollars (7,971.8 million manats), or 6.1 percent of GDP, while internal debt reached 16,492.9 million manats, or 12.6 percent of GDP. These figures indicate a year-on-year reduction of 7.6 percent and 8.4 percent, respectively. During the first quarter, Azerbaijan allocated 524.2 million manats for debt servicing, including 132.5 million manats for internal interest and 391.7 million manats for external obligations.
The reduction in state debt aligns with Azerbaijan's long-term fiscal strategy aimed at maintaining macroeconomic stability and reducing reliance on external borrowing. The government has consistently prioritized the optimization of the debt portfolio, leveraging the country's substantial foreign exchange reserves and robust energy revenues to manage financial obligations efficiently. This fiscal discipline is a core component of Azerbaijan's broader economic diversification plan, intended to strengthen the national economy's resilience against global market fluctuations and ensure sustainable growth.
