16:23 - 3.11.2022

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November 3, Fineko/abc.az. "The Azerbaijani government borrowed less than planned."

ABC.AZ reports that Finance Minister Samir Sharifov said this at a meeting of the Milli Majlis Committee on Economic Policy, Industry & Entrepreneurship.

He added that it is necessary to reduce the share of external debt in the public debt and increase the domestic debt:

"Domestic borrowing increases the stability of local financial markets. Therefore, we’ll try to keep the external borrowing stable or reduce it by increasing the internal one instead."

In its conclusion to the Draft Law on State Budget 2023, the Accounts Chamber indicated that the Ministry of Finance carried out internal borrowing in the presence of balance in State Budget for 2022.