BUDGET SPENDING TO RISE 65-70%
The used state-guaranteed external debt of the country made up US $1,6 billion or 12% of its 2005 GDP as of January 1, 2006, the Ministry of Finance told AzerTAj. Azerbaijan ranks the best place than other countries and there is no debt risk for the succeeding generations, international financial institutions said. British Agency 'Fitch Rating' has assigned a rating of BB in Azerbaijan for credit management in foreign and local currency as stable. In 2006, due to the oil sector, budget revenues will be increased by 65-70%.
Other news in this section
