IMF announces forecast on total government gross debt of Azerbaijan

IMF announces forecast on total government gross debt of Azerbaijan
# 24 October 2016 09:26 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. In 2016, Azerbaijan’s total government gross debt will be 39.6% of GDP this year, 36.1% in 2017, APA-Economics reports citing to the Caucasus and Central Asia Regional Outlook.

“General government total revenue will make up 34.6% of GDP in 2016, 37.2% in 2017. General government total expenditure and net lending will be 44.9% of GDP in 2016, 41.5% in 2017”, IMF said.

Non-oil sector revenues are forecasted to increase from 23.5% in 2016 to 24% in 2017. Total gross external debt will stand at 26.5% of GDP in 2016, 23% in 2017.

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