16:41 - 4.11.2025

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November 4, Fineko/abc.az. In the medium-term, there is imbalance between the rapid growth of public debt and limited growth in budget revenues, ABC.AZ informs, referring to Accounts Chamber’ conclusion on the Draft Law on State Budget 2026.

Based on the document, the Chamber concluded that the imbalance could increase the share of debt servicing costs in the fiscal burden structure, thereby limiting the scope for fiscal maneuver and creating a risk of affecting the financing of priority expenditures. According to the data provided, it is expected that by the end of this year the volume of public debt (external and internal) will be formed at the level of 25.4 bn manats and this figure will be equal to 19.6% of projected GDP.

The Revenue & Expenditure Forecast for Draft State Budget for 2026 & the Next 3 Years presented by the Ministry of Finance and the analysis of public debt indicators for the medium term highlight a number of fiscal risks. Thus, according to the data presented, if in the medium term the volume of public debt increases by about 24.5% compared to the current level (25.7 bn manats), then by the end of the period state budget revenues will increase by only 1.5 bn manats, or 3.9%.