As of January 01, 2026, the domestic public debt amounted to 17,804.5 million manats, or 13.8 percent of the actual GDP, which was 129,094.0 million manats for 2025.
This was reported to Modern.az with reference to the Ministry of Finance.
According to the information, the domestic public debt decreased by 855.2 million manats or 4.6 percent compared to the beginning of 2025. As of January 01, 2026, the ratio of domestic public debt to GDP decreased by 1.0 percentage point compared to the beginning of 2025.
As of January 1, 2026, 9,006.6 million manats of the domestic public debt accounted for government securities in circulation, and 8,797.9 million manats for government-guaranteed obligations undertaken by the government.
It was noted that, in accordance with the strategy, for the purpose of supporting the development of the domestic financial market, as well as within the framework of replacing foreign public debt with domestic public debt, the volume of government securities in circulation increased approximately 8.5 times compared to 2018, reaching 9,006.6 million manats as of January 01, 2026.
During 2025, 607.0 million manats were used from the state budget's public debt service expenditures for interest and discount payments on government bonds. As a result of measures implemented during 2025 to reduce refinancing risks and extend the average maturity period for government bonds, government bonds with a maturity period of up to 3 years were repurchased prematurely and replaced with longer-term government bonds. At the same time, as a result of the implemented measures, a reduction in interest expenses on government bonds was ensured. Within the framework of the mentioned measures, a total of 5,076.6 million manats was paid to investors during 2025 through government bond refinancing operations and funds from the Guarantee Fund.
