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PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of March 28, 2022 No. 1637

About approval of upper limits of indicator of ratio of not oil basic deficit of the consolidated budget to not oil gross domestic product and indicator of ratio of public debt to gross domestic product for the medium-term period, and also upper limit of indicator of ratio of not oil basic deficit of the consolidated budget to not oil gross domestic product for the end of 2022

Being guided by Item 32 of article 109 of the Constitution of the Azerbaijan Republic, in connection with application of the Law of the Azerbaijan Republic "About modification of the Law of the Azerbaijan Republic "About the budget system" of December 24, 2021 number 440-VIQD, execution of the Presidential decree of the Azerbaijan Republic "About modification of the Presidential decree of the Azerbaijan Republic "About application of the Law of the Azerbaijan Republic "About the budget system" of October 31, 2002 and approval "Procedure for calculation of indicator of ratio of not oil basic deficit of the consolidated budget to not oil gross domestic product and indicator of ratio of public debt to gross domestic product" of December 30, 2021 number 1568 I decide number 809:

1. Set upper limit of indicator of ratio of not oil basic deficit of the consolidated budget to not oil gross domestic product for the medium-term period in percent 20,0, and for the end of 2022 - percent 27,5.

2. Set upper limit of indicator of ratio of public debt to gross domestic product for the medium-term period in percent 20,0.

3. To the Cabinet of Ministers of the Azerbaijan Republic to resolve the issues following from this Decree.

President of the Azerbaijan Republic

Ilham Aliyev

 

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