Baku:Azerbaijan's public debt saw a significant reduction during the first nine months of 2026, as reported by the Ministry of Finance.

According to Azeri-Press news agency, as of October 1, the country's total public debt stood at AZN 23 billion 896.3 million. This figure represents 17.3% of the gross domestic product (GDP) projected for 2026.

The breakdown of the total public debt reveals that AZN 7 billion 666.2 million, or 32.1%, is attributed to external debt, while AZN 16 billion 230.1 million, or 67.9%, is domestic debt. Since the beginning of the year, external public debt has decreased by USD 304 million, and domestic public debt has declined by AZN 1 billion 574.4 million.

In manat terms, the total public debt has decreased by approximately AZN 2 billion 91.2 million, or 8%, since the start of the year. The public debt-to-GDP ratio, which was 20.1% at the end of 2025, has decreased by 2.8 percentage points during the reporting period.