BAKU, Azerbaijan, July 30. The volume of
outstanding government securities has increased approximately 6.8
times compared with 2018, reaching 7.2 billion manat ($4.2 billion)
as of July 1, 2026, according to Azerbaijan’s Ministry of
Finance.
The increase was achieved in line with the strategy aimed at
supporting the development of the domestic financial market, as
well as balancing external public debt with domestic government
debt, the ministry said.
During the first half of 2026, 275.9 million manat ($162.2
million) from the state budget allocations for servicing domestic
public debt were used for interest and discount payments on
government bonds.
At the same time, 1.97 billion manat ($1.15 billion) in
principal payments on matured government bonds were repaid to
investors, while government securities worth 200 million manat
($117.6 million) were placed on the domestic financial market.
As of the reporting date, of the total 7.2 billion manat ($4.2
billion) worth of outstanding government securities, 51.6%
accounted for securities with maturities of up to five years, while
48.4% were securities with maturities of five years or more.
“The replacement of medium-term government bonds in circulation
with bonds mainly having maturities of 5–10 years in 2025, the
redemption and withdrawal from circulation of short-term government
bonds as of July 1 this year, and the placement of long-term
government bonds on the domestic financial market resulted in an
increase in the Average Term to Maturity (ATM) of government bonds
to 3.86 years,” the ministry said.
