Azerbaijan's public debt amounted to 20.4% of GDP

As of April 1, 2025, Azerbaijan's public debt amounted to 26 billion 628.8 million manats, or 20.4% of the projected GDP for the current year. According to the Ministry of Finance, this is 3.3% more than on April 1 last year.

The structure of the state debt is $5.075 billion or 6.6% of GDP (8 billion 627.5 million manats) — external debt (-11.1% compared to April 1, 2024) and 18 billion 1.3 million manats or 13.8% of GDP — internal debt (+9.7%), the Report notes.

As EADaily reported, Azerbaijani President Ilham Aliyev said earlier that Azerbaijan has become completely independent of international financial institutions.

"We suspended relations with the International Monetary Fund during the first period of my presidency. As for other financial institutions, we can say that we have completely stopped our cooperation," Aliyev said, speaking at the Baku at the International Forum on April 9.

The country's external debt, according to him, is "only 5 billion US dollars, which is 7% lower than our gross domestic product."

"This shows that we do not need foreign investments, financing," Aliyev said.