Moody’s forecasts Azerbaijan’s budget to be executed wiht deficit during next two years

Moody’s forecasts Azerbaijan’s budget to be executed wiht deficit during next two years
# 08 September 2017 16:54 (UTC +04:00)

Azerbaijan’s public debt increased from 14.4% of GDP in 2014 to 50.7% in 2016, Moody's Investors Service said in an annual report today.

According to Moody’s, this was caused by manat’s amortization and increase of state-guaranteed debts.


According to forecast, if the oil price makes up $45-55, the state budget may be executed with 1.8%-deficit in 2018 while it is 2.9% in 2017.

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THE OPERATION IS BEING PERFORMED