15:30 - 6.06.2026

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June 6, Fineko/abc.az. Fitch Ratings has reaffirmed Azerbaijan’s strong fiscal position, highlighting that the country’s public debt metrics remain exceptionally robust.

According to figures reviewed by ABC.AZ, Azerbaijan's general government debt is projected to hover around 21% of GDP through 2027. This fiscal cushion ensures that Azerbaijan retains its position as one of the least indebted investment-grade sovereign nations globally within Fitch's rated portfolio.

External Debt and State Guarantees:

• Absolute Decline: Azerbaijan's external public debt has continuously declined in absolute terms over recent years. Any net increases in outer-year borrowing will strictly depend on the rollout of major infrastructure projects in the transport and water management sectors.

• Reduced Contingent Liabilities: Following the successful Eurobond repayment by the Southern Gas Corridor, total outstanding state-guaranteed external debt dropped to USD 3 billion in the first quarter of 2026.