BAKU, Azerbaijan, August 4. The upper limit of the ratio of public debt to gross domestic product for the medium-term period in Azerbaijan has been changed, Trend reports.
President of the Republic of Azerbaijan Ilham Aliyev signed a relevant decree in this regard.
According to the decree, the upper limit of the ratio of public debt to gross domestic product for the medium-term period was increased from 20 to 30 percent.
The "Framework for Updating the Medium- and Long term Public Debt Management Strategy of Azerbaijan for 2022-2025" was defined, following the relevant decree of President Ilham Aliyev in December 2022.