“The measures taken related to the state debt are yielding its results,” the Minister of Finance Samir Shariofov told reporters, ONA reports.
According to Samir Sharifov, instruction has been given to reduce the ratio of state debt to GDP by President of Azerbaijan Ilham Aliyev.
“This instruction is being implemented step by step. We have managed to reduce this rate by 17 % over the past year. Today, the state debt in foreign currencies has been reduced from the previous 24% to 19%. In other words, this is a decrease of 5 percentage points,” the Minister stated.