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Fitch Ratings improved its forecast on Azerbaijan

23.11.2020,11:33


November 23, Fineko/abc.az. International agency Fitch Ratings has published a forecast on Azerbaijan.

ABC.AZ reports that the agency predicts that the deficit of the consolidated budget of Azerbaijan this year will be 5.7% of GDP. 
It is noteworthy that agency's previous forecast promised deficit of 6.8% of GDP. According to Fitch's scenario of gradual growth in oil prices, the ratio of the country's consolidated budget deficit to GDP will fall to 4.4% in 2021 and to 1.1% in 2022.