Azerbaijan's strategic foreign exchange reserves reached $88.4 billion as of June 1, 2026, Finance Minister Sahil Babayev said at today's meeting of the Parliamentary Committee on Economic Policy, Industry, and Entrepreneurship during a discussion of the draft law "On the Execution of the State Budget for 2025," SİA informs.
Furthermore, according to the minister, Azerbaijan is one of the countries with the lowest public debt-to-gross domestic product (GDP) ratio.
"Currently, the public debt stands at 24.1 billion manats, or 18.4% of the projected annual GDP. At the end of 2025, the public debt stood at 26 billion manats, or 20.1% of annual GDP, a 1.6 percentage point decrease compared to the beginning of 2025. Our debt portfolio at the end of the year consisted of domestic public debt of 17.8 billion manats and external public debt of 8.2 billion manats. The average maturity of our bonds increased 2.2-fold over the year," the minister added.
($1=1.7 manats)
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