12:24 - 6.10.2026

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October 6, Fineko/abc.az. International rating agency Fitch Ratings stated that Azerbaijan's fiscal and external position will remain strong, despite expectations of lower oil and gas prices.

Speaking at the Baku event on the theme «Fitch in Azerbaijan», Agency's director general Erich Arizpe Morales drew attention to the fact that this year surplus on the consolidated budget is expected at nearly 3.7% of GDP and on the current account at 11% of GDP.

Agency's official representative stressed that the government had demonstrated better results than initial expectations in reducing the non-oil primary deficit within the framework of fiscal rules. In the medium term, the main focus will be on reducing the dependence of public finances on oil revenues and on continuing fiscal consolidation.