CORRELATION BETWEEN PUBLIC ARREARS AND GDP REMAIN UNCHANGED
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.