Azerbaijan Reveals New Structure of Domestic Public Debt
As of October 1, Azerbaijan's domestic public debt stood at 16.23 billion manats, split between government securities and state-guaranteed obligations.
According to the Ministry of Finance, Azerbaijan's domestic public debt reached 16 billion 230.1 million manats as of October 1 this year. Of that amount, 7 billion 766.2 million manats consisted of outstanding government securities, while 8 billion 463.9 million manats represented state-guaranteed obligations assumed by the government. As of the reporting date, 56% of government securities had maturities of up to 5 years, and 44% had maturities of 5 years or more. The average repayment period for outstanding government bonds stood at 3.64 years. In the first quarter of this year, the expiration of circulation of short-term government bonds caused this average repayment period to increase.
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