BAKU, Azerbaijan, January 5. A total of 1.73
billion manat ($1.02 billion) was spent from the state budget on
servicing the national debt in Azerbaijan as of December 1, 2025,
Trend reports via
the Ministry of Finance.
Of this amount, 1.21 billion manat ($713.3 million) went towards
external debts, while 520.3 million manat ($305.8 million) was used
for domestic debt obligations.
As of the reporting date, the balance of the "State debt and
guarantees fund" stood at 192.9 million manat ($113.3 million) and
$10 million.
Considering ongoing negotiations with international financial
institutions for funding major projects (such as water supply,
metro network expansion, and others), it's expected that credit
agreements for these projects will be signed and approved next
year. Therefore, the upper limit for external state borrowing in
2026 has been set at six billion manat ($3.5 billion), and the
upper limit for domestic state borrowing is two billion manat
($1.18 billion). The upper limit for state guarantees to be issued
during the year is three billion manat ($1.77 billion).
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