BAKU, Azerbaijan, June 9. Azerbaijan's
strategic foreign exchange reserves reached $88.4 billion as of
June 1, 2026, Finance Minister Sahil Babayev said during a
discussion of the draft law on the execution of the 2025 state
budget at the meeting of Parliament's Economic Policy, Industry and
Entrepreneurship Committee today, Trend reports.
The minister also emphasized that Azerbaijan is among the
countries with the lowest ratios of public debt to gross domestic
product (GDP) in the world.
"As of today, public debt stands at 24.1 billion manat ($14.2
billion), or 18.4% of projected annual GDP. By the end of 2025,
public debt amounted to 26 billion manat ($15.3 billion), or 20.1%
of annual GDP. This is 1.6 percentage points lower compared to the
beginning of 2025.
By the end of the year, our debt portfolio consisted of 17.8
billion manat ($10.5 billion) in domestic public debt and 8.2
billion manat ($4.8 billion) in external public debt. During this
period, the sensitivity of public debt to exchange-rate and
external market risks declined. The average maturity of our bonds
increased 2.2 times over the year," he added.
