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LAW OF THE AZERBAIJAN REPUBLIC

of July 14, 2025 No. 246-VIIQD

About introduction of amendments to the Law of the Azerbaijan Republic "About public debt"

Millie Majlis of the Azerbaijan Republic, being guided by Item 15 of part I of article 94 of the Constitution of the Azerbaijan Republic, decides:

"About public debt" (The collection of the legislation of the Azerbaijan Republic, 2007, No. 8, Article 748 (volume I)) to make the following changes to the Law of the Azerbaijan Republic:

1. Article 13:

1.1. In Article 13.1 of the word "and obligation fulfillment on the state guarantee" are shall be replaced with words "obligation fulfillment on the state guarantee and repayment of the budget loans issued according to article 1.1.13 of the Law of the Azerbaijan Republic "About budget system"";

1.2. In Article 13.2.1-1 of the word "the part of free remaining balance of the single treasurer account transferred to the Guarantee fund according to Articles 19.2 and 19.5" "the funds transferred to the Guarantee fund according to Articles 19.2-2 and 19.5-1.3" are shall be replaced with words.

2. Add with Article of 14-1sleduyushchy content:

"Article 14-1. Obligation fulfillment on repayment of budget loans

According to article 1.1.13 of the Law of the Azerbaijan Republic "About budget system" if the budget loans granted from the government budget in the budget of the Nakhchivan Autonomous Republic, local budgets, state-financed organizations of the public legal entities created on behalf of the state, and other legal entities receiving financial aid from the government budget within fiscal year cannot be extinguished by these persons within year, then the body (organization) determined by relevant organ of the executive authority can use means of the Guarantee fund for closing (repayment) of the granted budget loans".

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