Azerbaijan’s strategic reserves are 17 times larger than its foreign debt

Azerbaijan’s strategic currency reserves stood at $81.5 billion as of Oct. 1, 2025 — roughly 17 times higher than the country’s external public debt, Finance Minister Sahil Babayev said.

He noted that in 2026, the State Oil Fund’s revenues and expenditures are expected to be balanced at $7.7 billion each, with no decline in reserves anticipated at an oil price of $65 per barrel.

Transfers from the State Oil Fund to the state budget were reduced by about $1 billion in 2025, Babayev added. By 2029, transfers are planned to decrease by another $1.55 billion to $6 billion.