(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 6. Having very
large public debt is unacceptable to Azerbaijan, Finance Minister
of Azerbaijan Samir Sharifov said during the discussion of the
draft law "On the execution of the State Budget of the Republic of
Azerbaijan for 2022" at today's meeting of the Milli Majlis
(Parliament), trend reports.
Azerbaijan has specific goals and strategies for
borrowing.
"We are implementing measures in accordance with this
strategy today. Most credit rating agencies, when providing loans
to Azerbaijan, first analyze the debt situation," Sharifov
said.
According to the updated state budget for 2023, the funds, which
are allocated for general expenses and expenses related to
servicing the public debt, amount to 3.2 percent of total
expenditures or 1.1 billion manat ($6.4 million).
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