Alongside the fiscal risks identified in the 2027 Budget Package, other factors could affect public financial stability.
The Chamber of Accounts said this in its opinion on the draft law “On the 2027 state budget,” Operative Information Center-OMM reports.
The Chamber of Accounts also noted that other risks could affect public finances over the medium term.
According to the document, if benchmark interest rates settle higher than expected over the medium term, debt-servicing costs could rise on foreign debt with variable interest rates. As of October 1 this year, variable-rate obligations accounted for 48.8% of Azerbaijan’s external public debt.
The document says that refinancing debt obligations falling due over the medium term could increase debt-servicing costs if new borrowing takes place at high interest rates. As of October 1, 2026, 56% of domestic government securities had maturities of up to five years, indicating that a significant portion of domestic public debt may need to be repaid over the medium term.
It should be recalled that in the first nine months of this year, overpayments through the State Tax Service under the Ministry of Economy increased by 339.9 million manat compared with the start of the year, reaching 2,740.6 million manat.
