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“Standard and Poor’s” agency kept the international loan rating of Azerbaijan as stable in a special assessment***The Milli Majlis adopts a law on the execution of the state budget for 2016***Ministry of Finance recommends referring to official data in statements about IBA***

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Azerbaijani and Surinamese finance ministers meet in Baku

Azerbaijani and Surinamese finance ministers meet in Baku

15.09.2017

Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov received his Surinamese colleague Mr. Gillmore A. Hoefdraad in line of his Baku visit.

Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov received his Surinamese colleague Mr. Gillmore A. Hoefdraad in line of his Baku visit.

Afghanistan learns Azerbaijani practice

Afghanistan learns Azerbaijani practice

13.09.2017

The official delegation of the Islamic Republic of Afghanistan is paying a business visit to Azerbaijan. The visit aims at in-place study of the application of technologies – ERP (“enterprise resource planning”) and electronic documentation with the Ministry of Finance on the automated information system of financial and accounting reporting (FARABI) in budget organizations.

The official delegation of the Islamic Republic of Afghanistan is paying a business visit to Azerbaijan. The visit aims at in-place study of the application of technologies – ERP (“enterprise resource planning”) and electronic documentation with the Ministry of Finance on the automated information system of financial and accounting reporting (FARABI) in budget organizations.

Information on external public debt as of July 1st, 2017

Information on external public debt as of July 1st, 2017

24.08.2017

As of July 1st, 2017, the external public debt of the Republic of Azerbaijan constituted 7,172.6 million US dollars (equivalent 12,208.5 million manat).

As of July 1st, 2017, the external public debt of the Republic of Azerbaijan constituted 7,172.6 million US dollars (equivalent 12,208.5 million manat). The Debt to the Gross Domestic Product (GDP) ratio stands at 18.9 percent. The external public debt consists of direct obligations of the state as well as contingent liabilities emanating from sovereign guarantees.

The external public debt comprises predominantly infrastructure projects and programme loans of the international financial institutions as well as government bonds. 

A broad meeting held at the Ministry of Finance

A broad meeting held at the Ministry of Finance

17.07.2017

A wide board meeting was dedicated to the instructions given by President of the Republic of Azerbaijan Ilham Aliyev at the meeting of the Cabinet of Ministers of the Republic of Azerbaijan dedicated to the social and economic outcomes of the first half of 2017 and the challenges ahead, progress of the execution of the state budget in the first half of 2017 and to the discussion of the draft state and consolidated budgets for 2018 and consolidated budget indicators for the next three years and future challenges on July 19.

A wide board meeting was dedicated to the instructions given by President of the Republic of Azerbaijan Ilham Aliyev at the meeting of the Cabinet of Ministers of the Republic of Azerbaijan dedicated to the social and economic outcomes of the first half of 2017 and the challenges ahead, progress of the execution of the state budget in the first half of 2017 and to the discussion of

Another batch of gold commodity received

Another batch of gold commodity received

28.07.2017

After the purification of gold commodity produced in Gedebey gold ore deposit in Geneva, Switzerland, the next batch of gold ingots in amount of 11,655.2 troy ounces (362.6 kilograms), which is the profit share of the Government of Azerbaijan, was received by the State Service for Control on Precious Metals and Stones of the Ministry of Finance of the Republic of Azerbaijan and placed in the Central Bank of the Republic of Azerbaijan on July 27, 2017.

 

 

After the purification of gold commodity produced in Gedebey gold ore deposit in Geneva, Switzerland, the next batch of gold ingots in amount of 11,655.2 troy ounces (362.6 kilograms), which is the profit share of the Government of Azerbaijan, was received by the State Service for Control on Precious Metals and Stones of the Ministry of Finance of the Republic of Azerbaijan and placed in the Central Bank of the Republic of Azerbaijan on July 27, 2017.

“Standard and Poor’s” approves Azerbaijan’s international credit rating

“Standard and Poor’s” approves Azerbaijan’s international credit rating

29.07.2017

The Standard & Poor's rating agency conducted a traditional assessment of sovereign credit rating of the Republic of Azerbaijan and released a report with this regard on July 28, 2017.

The Standard & Poor's rating agency conducted a traditional assessment of sovereign credit rating of the Republic of Azerbaijan and released a report with this regard on July 28, 2017.
The agency kept Azerbaijan’s long-term and short-term sovereign loan rating in national and foreign currencies at 'BB+/B' level respectively with negative outlook.

Information (operative) on the execution of the state budget for six months of 2017

Information (operative) on the execution of the state budget for six months of 2017

14.07.2017

Incomes of the state budget for six months of 2017 made 7,722.8 million manat, while its expenditures made 8,193.9 million manat, i.e. the budget deficit was equal to 471.1 million manat.

 

Incomes of the state budget for six months of 2017 made 7,722.8 million manat, while its expenditures made 8,193.9 million manat, i.e. the budget deficit was equal to 471.1 million manat.

 

Milli Majlis approves amendments to the state budget for 2017

Milli Majlis approves amendments to the state budget for 2017

30.06.2017

The draft law on amendments to the state budget for 2017 of the Republic of Azerbaijan was discussed at the last plenary meeting of the extraordinary session of the Milli Majlis (Parliament) of the Republic of Azerbaijan held on June 30, 2017. 

 

The draft law on amendments to the state budget for 2017 of the Republic of Azerbaijan was discussed at the last plenary meeting of the extraordinary session of the Milli Majlis (Parliament) of the Republic of Azerbaijan held on June 30, 2017.
The relevant draft law was submitted to the Milli Majlis by President of the Republic of Azerbaijan Ilham Aliyev.

Draft law discussed regarding amendments to the state budget for 2017

Draft law discussed regarding amendments to the state budget for 2017

23.06.2017

A draft law on amendments to the state budget for 2017 was discussed at the meeting of the committee on economic policy, industry and entrepreneurship of the Milli Majlis on 22 June 2017.

 

 

A draft law on amendments to the state budget for 2017 was discussed at the meeting of the committee on economic policy, industry and entrepreneurship of the Milli Majlis on 22 June 2017.

Cooperation expands between Azerbaijan and BSTDB

Cooperation expands between Azerbaijan and BSTDB

12.06.2017

Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov received the delegation of the Black Sea Trade and Development Bank (BSTDB) headed by President of the bank Mr. Ihsan Ugur Delikanli on June 12.

Minister of finance of the Republic of Azerbaijan Mr. Samir Sharifov received the delegation of the Black Sea Trade and Development Bank (BSTDB) headed by President of the bank Mr. Ihsan Ugur Delikanli on June 12.
During the meeting, the sides exchanged views on the current status and perspectives of cooperation between the Republic of Azerbaijan and BSTDB, and emphasized the importance of support of the Bank that prefers direct cooperation with the real sector to various projects, including financing of trade activities to promote this field.

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