Azerbaijan's public debt falls by 8%

As of April 1, 2026, Azerbaijan's public debt stood at approximately 24.465 billion manats (just over $14.39 billion), equal to 18.7% of the projected GDP for 2026, marking an 8.1% decrease year-on-year (YoY), Report informs, citing the country's Ministry of Finance.

Of the total, foreign debt amounted to nearly $4.69 billion (just over 7.971 billion manats), or 6.1% of GDP, while domestic debt stood at nearly 16.493 billion manats (just over 9.7 billion), or 12.6% of GDP. These figures are down 7.6% and 8.4%, respectively, compared to a year earlier.

The 2026 state budget envisaged expenses worth 2.46 billion manats ($1.445 billion) for servicing public debt and obligations. In the first quarter, 524.2 million manats ($308.3 million) were paid: 132.5 million manats (just under $78 million) for domestic debt interest, and 391.7 million manats (just over $230.4 million) for foreign debt, including 269.5 million manats (just over $158.5 million) in principal repayments and 122.2 million manats (approximately $71.9 million) in interest repayments.