The Azerbaijan Finance Ministry is extending the volume of state bonds in the domestic market in 2007, Trend reports. Samir Sharifov, Azerbaijan Finance Minister said during the today discussion in the Milli Majlis (Azerbaijan Parliament) that the main aim of the increase in the volume of the securities is solving some structural issues, neutralizing the money offer, the extreme liquidity, keeping the inflation within reasonable limits, and the currency exchange in the non-oil sector.
Taking into account the above-mentioned issues, we will start borrowing in 2007. At the same time, the top of the domestic state limit has been approved at the level of 300 mln. AZN, and the external - 1,2 bln, AZN, said the Finance Minister.
According to the limits, the borrowing will be sent to an issue of treasury state bonds within the internal limit, and presenting state guarantees on borrowing of the state organizations within the external one.