15:41 - 21.12.2020

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December 21, Fineko/abc.az. The probability of fall of the Azerbaijani manat against the US dollar and other major foreign currencies remains one of the main risk factors for the country's fiscal position.

ABC.AZ reports that this is reflected in the Bill on State Budget 2021.

Thus, one of the main channels of transmission of this exchange rate risk to the State Budget is that against the background of the deterioration of oil prices, the above risks become even more acute.

On the other hand, given that when drawing up the State Budget for 2021, 1 US dollar is equal to 1.7 manats, the probability of weakening of the manat exchange rate against foreign currencies includes the risk of proportional increase in State Budget expenditures on servicing the external public debt.