Azerbaijan’s state debt decreased in the first 9 months of 2026.
elchi reports, citing the Ministry of Finance, that as of October 1, the country’s total state debt amounted to 23 billion 896.3 million manats.
This is equivalent to 17.3% of the projected gross domestic product (GDP) for 2026.
Of the state debt, 7 billion 666.2 million manats, or 32.1%, was external debt, and 16 billion 230.1 million manats, or 67.9%, was domestic debt.
According to the report, external state debt decreased by 304 million US dollars and domestic state debt decreased by 1 billion 574.4 million manats since the beginning of the year.
Thus, in manat terms, the total state debt decreased by approximately 2 billion 91.2 million manats, or 8%, since the beginning of the year.
It should be noted that the ratio of state debt to GDP was 20.1% at the end of 2025. During the reporting period, this indicator decreased by 2.8 percentage points.