17:12 - 2.11.2023

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November 2, Fineko/abc.az. Azerbaijan's external debt may decrease to $5 billion in 2024-2025.

ABC.AZ reports that Finance Minister Samir Sharifov informed about this during the discussion of Draft State Budget 2024 by the Parliamentary Committee on Economic Policy, Industry & Entrepreneurship.

"Currently, our external debt is $6.5 billion. In the next two years, Azerbaijan's external debt may be reduced to $5 billion," Sharifov said.

He added that the government can increase borrowing in the domestic market.

"We are considering the possibility of increasing the maturity of government bonds. If the maximum terms for them today is 7 years, then we can increase these terms to 10 years," Sharifov added.