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Azerbaijan drafts debt management strategy of state structures, companies

Business Materials 22 May 2018 14:25 (UTC +04:00)
A debt management strategy of state structures and enterprises has been developed in Azerbaijan, and it will soon be submitted to the government
Azerbaijan drafts debt management strategy of state structures, companies

Baku, Azerbaijan, May 22

By Ilkin Shafiyev - Trend:

A debt management strategy of state structures and enterprises has been developed in Azerbaijan, and it will soon be submitted to the government, Azerbaijani MP Ziyad Samadzade said on May 22.

Samadzade, who is also chair of the Parliamentary Committee on Economic Policy, Industry and Entrepreneurship,made the remarks at the committee meting on the bill "On execution of the 2017-state budget of Azerbaijan ".

As of Jan. 1, 2018, Azerbaijan's external debt amounted to some 15.9 million manats (22.8 percent of the country's GDP).

Meanwhile, Samadzadeh said that the parliament plans to revise the 2018 state budget, and in particular to change the oil base oil price, which currently stands at $45 a barrel, in the budget.

Revenue part of the 2018 state budget is forecast to total 20.127 billion Azerbaijani manats (including centralized revenues in the amount of 19.473 billion manats, local revenues in the amount of 653.353 million manats), while expenditures are expected to amount to 21.047 billion manats (including centralized expenditures in the amount of 20.323 billion manats, local expenditures in the amount of 723.925 million manats).

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