As of June 1, Azerbaijan's strategic currency reserves have reached a historic milestone, totaling $88.4 billion. This significant financial achievement underscores the country's robust economic position and prudent fiscal management.
According to the Operative Information Center-OMM, Minister of Labor and Social Protection of the Population Sahil Babayev announced these figures during a meeting of the Milli Majlis (National Assembly) Committee on Economic Policy, Industry, and Entrepreneurship. The statement was made during discussions regarding the execution of the 2025 state budget.
Minister Babayev further highlighted that Azerbaijan maintains one of the lowest ratios of public debt to Gross Domestic Product (GDP) globally. "As of today, public debt stands at 24.1 billion manats, equivalent to 18.4% of the projected annual GDP. By the end of 2025, public debt reached 26 billion manats, or 20.1% of the annual GDP, which is 1.6 percentage points lower compared to the beginning of 2025," the minister stated. He noted that the debt portfolio consisted of 17.8 billion manats in domestic debt and 8.2 billion manats in external debt, emphasizing that the sensitivity of public debt to exchange rate and foreign market risks has decreased significantly, with the average maturity of government bonds increasing 2.2 times over the year.
Azerbaijan's strategic currency reserves, primarily managed by the State Oil Fund of the Republic of Azerbaijan (SOFAZ) and the Central Bank, serve as a critical buffer for the national economy. These reserves are instrumental in maintaining macroeconomic stability, financing large-scale infrastructure projects, and ensuring the long-term sustainability of the country's development programs, particularly in the liberated Garabagh and East Zangezur economic regions.
