Finance minister: Azerbaijan’s strategic foreign reserves rise to $88.4 billion

Azerbaijan’s strategic foreign exchange reserves reached $88.4 billion as of June 1, 2026, Finance Minister Sahil Babayev said during a parliamentary committee meeting on economic policy, industry, and entrepreneurship

The minister made the remarks while discussing the draft law on the execution of the 2025 state budget, Caliber.Az reports per local media. 

He also highlighted Azerbaijan’s relatively low public debt-to-GDP ratio, saying the country remains among those with the lowest levels globally.

“Currently, the public debt stands at 24.1 billion manats [$14.2 billion], or 18.4% of the projected annual GDP. At the end of 2025, the public debt stood at 26 billion manats [$15.3 billion], 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 [$10.5 billion] and external public debt of 8.2 billion manats [$4.8 billion]. The average maturity of our bonds increased 2.2-fold over the year,” the minister added.

According to Babayev, Azerbaijan’s debt structure continues to shift toward improved maturity profiles, with domestic borrowing making up the larger share of the overall debt portfolio.

By Sabina Mammadli