Baku: Azerbaijan’s state debt stands at 25.4 billion manats, or 19.5% of the annual GDP, as of October 1, 2025, stated Finance Minister Sahil Babayev. This announcement was made during the discussion of the draft law ‘On the State Budget of the Republic of Azerbaijan for 2026’ at the session of the Milli Majlis (Azerbaijani Parliament) Committee for Economic Policy, Industries and Enterprising.

According to Azeri-Press News Agency, Minister Babayev highlighted that this figure marks a reduction of 2.2 percentage points compared to the beginning of the year. The debt-to-GDP ratio is projected to be 21.8% by the end of 2026, with a forecast of 21.2% by 2029. He pointed out that Azerbaijan ranks among the 20 countries with the lowest ratio of total public debt to GDP.