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CORRELATION BETWEEN PUBLIC ARREARS AND GDP REMAIN UNCHANGED

Business Materials 5 September 2005 11:55 (UTC +04:00)

Next year the correlation between the public arrears and the Gross Domestic Product (GDP) will remain almost unchanged. The government told Trend at the moment the public arrears comprise $1.5bn, while in regard to the GDP it is 14.6%.

Next year Azerbaijan plans to repay part of state debt of $100m, while 150bn manats (approx $30m) will be allocated from the public budget.

However, the public arrears in 2006 will increase following the implementation of some projects, whereas following the expected 30%-rsie in the GDP next year the correlation between the public arrears and the GDP will remain unchanged.

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