TODAY.AZ / Business

Foreign monetary reserves of Azerbaijan are 1.3 times more than its foreign debt

24 August 2005 [08:21] - TODAY.AZ
Foreign debt of Azerbaijan still remains conservative.
APA was informed from the National Bank that, foreign monetary reserves of Azerbaijan are 1.3 times more than its foreign debt at the moment. According to the information given from the central bank, Azerbaijan is known in the world for its highest budget dynamism and stableness.

Main parameters of the state budget are expected to increase more than 40%.National Bank informed that this is a rare occasion. The budget of the country increased for 2 times totally in the past 3 years.

URL: http://www.today.az/news/business/20474.html

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