Fitch released forecast for expenditure on liberated territories of Azerbaijan
  • ECONOMY

  • 12:38 16 May 2021

Fitch released forecast for expenditure on liberated territories of Azerbaijan

Fitch assumes additional expenditure on the liberated territories totals 1.9% of GDP in 2021 (an under-execution of the budgeted amount of 2.6%) and 2.2% of GDP in 2022, and that the large majority of the Covid-19 support package (totalling near 2.4% of GDP in 2020) is unwound by 2H21, ONA reports.

General government debt/GDP, which rose 2.4pp in 2020 to 21.4% is projected to decline to 17.6% at end-2022, and is well below the current 'BB' median of 60%

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