Today.Az » Business » Azerbaijan’s arrears to reach $1.6bn in 2005
29 July 2005 [09:18] - Today.Az
Azerbaijan’s public arrears will comprise approximately 15% of the GDP late 2005. Azerbaijan will not borrow big funds in 2005, the Cabinet of Ministers told Trend.
“The construction of the gas steam device in Sumgayit (total value -$300m) will be the only project the major funds will be spent on. Around $100m is expected to spend in this respect. The expenses on the rest projects will be low.
Thus, Azerbaijan’s public debt can comprise about $1.6bn - $1.7bn. So, the state debt will be equal to 15% of the GDP,” the Cabinet of Ministers said.
|
|
