Budget deficit/GDP ratio will decline in Azerbaijan, says finance minister 

The ratio of the state budget deficit to the gross domestic product (GDP) in Azerbaijan is expected to be 2.4% next year, down 0.3 percentage points from the approved forecast for this year, Finance Minister Samir Sharifov said at the meeting of the Parliamentary Committee on Economic Policy, Industries, and Enterprising, Report informs.

“The deficit in the consolidated budget in 2023 is expected to make up 4.7% of GDP,” the minister added.