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Liabilities of Azerbaijani private sector to banks to decrease over next 3 years

Finance Materials 25 January 2021 17:52
Liabilities of Azerbaijani private sector to banks to decrease over next 3 years

BAKU, Azerbaijan, Jan. 25

By Zeyni Jafarov - Trend:

The obligations of the Azerbaijani private sector to the banks in the structure of GDP for 2021 are envisaged at the level of 21.6 percent, Trend reports with reference to the reporting data of the Standard & Poor's (S&P) international rating agency.

This indicator shows a decline of 1.1 percentage points as the obligations of the Azerbaijani private sector reached 22.7 percent by the end of 2020.

According to S&P statistics, this figure will continue to decrease in 2022 and will amount to 21.3 percent while in 2023 and 2024, the liabilities of the Azerbaijani private sector to the banks will amount to 20.7 percent.

Standard & Poor's also predicts that amid an increase in capital expenditures in Azerbaijan, the balance of the government's budget will be executed with a surplus.

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