Next year Azerbaijan's revenues from foreign loans will up by 40%

Next year Azerbaijan's revenues from foreign loans will up by 40% State budget will receive 51 mln AZN from loans to foreign countries in 2017
Finance
November 25, 2016 18:00
Next year Azerbaijan's revenues from foreign loans will up by 40%

Baku. 25 November. REPORT.AZ/ In 2017, Azerbaijani state budget will receive 50,8 mln AZN from loans to foreign countries.

Report informs citing the opinion of the Chamber of Accounts on the draft law on state budget for 2017.

Revenues to the budget from foreign loans forecasted to increase by 39% compared to the analogical forecast of 2016. Specific weight of the loans in the budget revenues will make 0,3%.

Notably, revenues of 2017 state budget is expected at 15 955,0 mln AZN. This figure is less by 1 543,0 mln AZN or 8,8% compared to performance indicator in 2015, also, 867,0 mln AZN or 5,2% to 2016. State budget revenues to GDP ratio is forecasted to make 26.0% in 2017. 

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