Guarantee Fund receives 83.8 million manats within six months


August 15, Fineko/ In January-June, 11.9% of proceeds under the refinancing agreements of the Guarantee Fund for public debt and guarantee obligations were executed, ABC.AZ with reference to the semi-annual data of the Accounts Chamber on the execution of the state budget for 2022.

The balance of the Guarantee Fund amounted to 24 million manats and 480 million US dollars as of January 1 of this year.

For six months, the Fund received 83.8 million manats, spent 100.2 million manats, 4.9 million US dollars and 768,300 euros.
Out of 639.4 million manats provided for the return for each organization of funds paid by the Fund on debts received under a state guarantee this year, 76.3 million manats (11.9% of the forecast) were restored over six months of this year.