By Fitch Ratings forecasts AzerbaijanвЂ™s debt in 2006 may constitute 17,2% from GDP
According to the forecasts of the Fitch Ratings agency, the growth of the real GDP in Azerbaijan in 2006 may constitute some 15,4%, the statement by Fitch Ratings says, Trend reports. It is notable, this index for 2005 was at the level of 13,4%. By the governmentвЂ™s forecasts 14 % have been projected for the current year, later more specified forecasts have been announced, according to which the GDP growth in 2005 will be some 20%, and in future вЂ" about 30%.
At the same time some 3% of GDP will be formed on the account of the consumer prices growth, such is the forecast for the current year too. In 2005 the government planned the inflation rate at the level of 5-7%, however, in the first half of the year the figure was some 15%. For the moment the government takes measures for keeping the inflation level in the framework of the one-digit index, at the level of over 9%. The forecast for 2006 is practically the same.
Meanwhile the figure of the state debt against GDP will make up some 17,2%, this index for the current year is planned at the level of 19,4%. For the moment the state debt of Azerbaijan is 15% from GDP and the government regulates its volumes in the framework of 20% from GDP.