The International Monetary Fund (IMF) predicts that the ratio of Azerbaijan's total public debt to gross domestic product (GDP) will be 20% this year, the institution said in a statement on the results of consultations on Article IV held in Baku from May 25 to June 7.
Report informs, referring to the document, that this is 6.4 percentage points less than the actual indicator of last year.
The ratio of Azerbaijan's total public debt to GDP is expected to be 21.2%, 23.5%, 25.5%, 27.7%, and 30%, respectively, in the next five years (2023-2027).
In 2022, the ratio of Azerbaijan's general government and state-guaranteed debts to GDP decreased by 12.6 percentage points to 29.2% compared to the actual indicator of 2021. In the next five years, this indicator is predicted to be 29.1%, 30.1%, 32%, 34%, and 36.1%.