Ministry of Finance reveals structure of Azerbaijan's guaranteed debt

According to data released by the Ministry of Finance, Azerbaijan’s guaranteed public debt, encompassing both domestic and external obligations, stood at 10.84 billion manats as of July 1, representing 8.3% of the country’s forecasted gross domestic product (GDP) for 2025.

External borrowings constitute the bulk of this debt, totaling 9.12 billion manats (approximately $5.37 billion), or 84.2% of the guaranteed debt portfolio. Domestic loans account for the remaining 1.71 billion manats, equivalent to 15.8%.

Fixed-rate debt instruments make up 58.7% of the portfolio, while variable-rate debt accounts for 41.3%, reflecting a balanced debt structure.

The currency composition of Azerbaijan’s guaranteed public debt is dominated by the US dollar, which represents 62.8%, followed by the euro at 18.9%, the Azerbaijani manat at 12.4%, Japanese yen at 4%, and other currencies making up 1.9%.

Regarding maturity, 72.7% of the debt is scheduled for repayment within five years, 16.8% falls due between five and ten years, and the remaining 10.5% has a maturity of over ten years.