{"id":800654,"date":"2025-04-17T09:25:49","date_gmt":"2025-04-17T05:25:49","guid":{"rendered":"https:\/\/arantv.az\/?p=800654"},"modified":"2025-04-17T09:25:49","modified_gmt":"2025-04-17T05:25:49","slug":"budc%c9%99-k%c9%99sirimizl%c9%99-bagli-nikbin-proqnoz-neft-amili-v%c9%99","status":"publish","type":"post","link":"https:\/\/arantv.az\/?p=800654","title":{"rendered":"B\u00fcdc\u0259 k\u0259sirimizl\u0259 ba\u011fl\u0131 nikbin proqnoz – neft amili v\u0259…"},"content":{"rendered":"

Maliyy\u0259 Nazirliyi Az\u0259rbaycan\u0131n 2026-2029-cu ill\u0259r\u0259 dair b\u00fcdc\u0259 \u00e7\u0259r\u00e7iv\u0259sini a\u00e7\u0131qlay\u0131b. S\u0259n\u0259d\u0259 g\u00f6r\u0259, g\u0259l\u0259n il d\u00f6vl\u0259t b\u00fcdc\u0259sinin g\u0259lirl\u0259ri 39 milyard 251 milyon 300 min manat, x\u0259rcl\u0259ri 42 milyard 230 milyon manat olacaq. Bu is\u0259 o dem\u0259kdir ki, 2025-ci ill\u0259 m\u00fcqayis\u0259d\u0259 2026-c\u0131 ild\u0259 d\u00f6vl\u0259t b\u00fcdc\u0259sinin g\u0259lirl\u0259ri 895 milyon 300 min manat, yaxud 2,33 faiz, x\u0259rcl\u0259ri 822 milyon 400 min manat, yaxud 1,98 faiz artacaq.<\/strong><\/p>\n

Qeyd ed\u0259k ki, Az\u0259rbaycan Respublikas\u0131n\u0131n 2025-ci il d\u00f6vl\u0259t b\u00fcdc\u0259sinin g\u0259lirl\u0259ri 38 milyard 356 milyon manat, x\u0259rcl\u0259ri 41 milyard 407 milyon 600 min manat m\u0259bl\u0259\u011find\u0259 t\u0259sdiq edilib.<\/p>\n

2026-c\u0131 ild\u0259 d\u00f6vl\u0259t b\u00fcdc\u0259si k\u0259sirinin yuxar\u0131 h\u0259ddi 2 milyard 978,7 milyon manat, n\u00f6vb\u0259ti \u00fc\u00e7 ild\u0259 is\u0259 m\u00fcvafiq olaraq 2 milyard 759,9 , 2 milyard 544,1 v\u0259 2 milyard 143,9 milyon manat m\u0259bl\u0259\u011find\u0259 proqnozla\u015fd\u0131r\u0131l\u0131r. Bel\u0259likl\u0259 d\u00f6vl\u0259t b\u00fcdc\u0259si k\u0259sirinin \u00dcDM-\u0259 nisb\u0259tinin 2026-c\u0131 ild\u0259 2,2 faiz t\u0259\u015fkil ed\u0259c\u0259yi, 2029-cu ild\u0259 is\u0259 1,3 faiz\u0259 en\u0259c\u0259yi g\u00f6zl\u0259nilir.<\/p>\n

Eyni zamanda 2026-c\u0131 ild\u0259 4 milyard 171,2 milyon manat m\u0259bl\u0259\u011find\u0259 proqnozla\u015fd\u0131r\u0131lan icmal b\u00fcdc\u0259 k\u0259sirinin 2029-cu ild\u0259 1 milyard 119,2 milyon manat s\u0259viyy\u0259sind\u0259 olaca\u011f\u0131 g\u00f6zl\u0259nilir.<\/p>\n

S\u0259n\u0259dd\u0259 qeyd edilib ki,\u00a0 d\u00f6vl\u0259t b\u00fcdc\u0259si k\u0259sirinin \u0259vv\u0259lki ill\u0259rd\u0259 oldu\u011fu kimi, \u00f6z\u0259ll\u0259\u015fm\u0259d\u0259n daxilolmalar, borclanma hesab\u0131na daxilolmalar (xarici v\u0259 daxili) v\u0259 vahid x\u0259zin\u0259 hesab\u0131n\u0131n qal\u0131\u011f\u0131 hesab\u0131na maliyy\u0259l\u0259\u015fdirilm\u0259si n\u0259z\u0259rd\u0259 tutulur.<\/p>\n

A\u00e7\u0131qlanan s\u0259n\u0259dd\u0259n ayd\u0131n olur ki, d\u00f6vl\u0259t b\u00fcdc\u0259 k\u0259sirinin maliyy\u0259l\u0259\u015fdirilm\u0259si \u00fc\u00e7\u00fcn daxili borclanma ciddi \u015f\u0259kild\u0259 azald\u0131lacaq. Bel\u0259 ki, 2024-c\u00fc ild\u0259 k\u0259sirin maliyy\u0259l\u0259\u015fm\u0259sind\u0259 daxili borclanman\u0131n pay\u0131 64,5 faiz olubsa, 2025-ci ild\u0259 bu g\u00f6st\u0259rici 58,2 faiz\u0259, 2026-c\u0131 ild\u0259 45,1 faiz\u0259, 2027-ci ild\u0259 40,8 faiz\u0259, 2028-ci ild\u0259 37,1 faiz\u0259, 2029-cu ild\u0259 is\u0259 25,4 faiz\u0259 endiril\u0259c\u0259k. \u018fv\u0259zind\u0259 b\u00fcdc\u0259 k\u0259sirinin maliyy\u0259l\u0259\u015fdirilm\u0259sind\u0259 layih\u0259 maliyy\u0259l\u0259\u015fdirilm\u0259si \u00fczr\u0259 c\u0259lb olunan kreditl\u0259rin pay\u0131 2024-c\u00fc ild\u0259ki 10,5 faizd\u0259n 2029-cu ild\u0259 53,6 faiz\u0259 y\u00fcks\u0259l\u0259c\u0259k.<\/em><\/p>\n

\"Az\u0259rbaycanda<\/em><\/p>\n

S\u0259n\u0259dd\u0259 bildirilir ki, Az\u0259rbaycan Respublikas\u0131 Prezidentinin 30 dekabr 2022-ci il tarixli 3702 n\u00f6mr\u0259li S\u0259r\u0259ncam\u0131 il\u0259 t\u0259sdiq edilmi\u015f \u201cAz\u0259rbaycan Respublikas\u0131nda d\u00f6vl\u0259t borcunun idar\u0259 edilm\u0259sin\u0259 dair orta v\u0259 uzun m\u00fcdd\u0259t \u00fc\u00e7\u00fcn Strategiyan\u0131n 2022-2025-ci ill\u0259r \u00fczr\u0259 yenil\u0259nm\u0259si \u00e7\u0259r\u00e7iv\u0259si\u201d il\u0259 m\u00fc\u0259yy\u0259n edil\u0259n h\u0259d\u0259fl\u0259r\u0259 Az\u0259rbaycan Respublikas\u0131 Prezidentinin 4 avqust 2023-c\u00fc il tarixli 4021 n\u00f6mr\u0259li S\u0259r\u0259ncam\u0131 il\u0259 d\u0259yi\u015fiklikl\u0259r edil\u0259r\u0259k 2025-ci ilin sonunad\u0259k d\u00f6vl\u0259t borcunun \u00dcDM-\u0259 nisb\u0259tinin yuxar\u0131 h\u0259ddinin 30,0 faizd\u0259n a\u015fa\u011f\u0131 s\u0259viyy\u0259d\u0259 saxlan\u0131lmas\u0131, bu zaman xarici d\u00f6vl\u0259t borcunun 10,0 milyard AB\u015e dollar\u0131n\u0131 \u00fcst\u0259l\u0259m\u0259m\u0259si kimi h\u0259d\u0259fl\u0259r m\u00fc\u0259yy\u0259n edilib. 2025-ci il 1 yanvar tarixin\u0259 d\u00f6vl\u0259t borcunun \u00dcDM-\u0259 nisb\u0259ti 21,7 faiz t\u0259\u015fkil edib ki, bu da b\u00fcdc\u0259 qaydas\u0131n\u0131n ortam\u00fcdd\u0259tli d\u00f6vr \u00fczr\u0259 d\u00f6vl\u0259t borcunun \u00dcDM-\u0259 nisb\u0259t g\u00f6st\u0259ricisinin h\u0259d\u0259fl\u0259n\u0259n yuxar\u0131 h\u0259dd g\u00f6st\u0259ricisind\u0259n 8,3 faiz b\u0259nd azd\u0131r. Bununla da strategiyada n\u0259z\u0259rd\u0259 tutulan d\u00f6vl\u0259t borcunun \u00dcDM-\u0259 nisb\u0259tinin 30,0 faizlik yuxar\u0131 h\u0259ddi g\u00f6zl\u0259nilmi\u015f olub: \u201cD\u00f6vl\u0259t borcunun idar\u0259 edilm\u0259si strategiyas\u0131n\u0131n icras\u0131na uy\u011fun olaraq \u00f6lk\u0259d\u0259ki qiym\u0259tli ka\u011f\u0131zlar bazar\u0131n\u0131n inki\u015faf\u0131n\u0131n d\u0259st\u0259kl\u0259nm\u0259si, xarici d\u00f6vl\u0259t borcunun \u00fcmumi d\u00f6vl\u0259t borcundak\u0131 x\u00fcsusi \u00e7\u0259kisinin m\u0259rh\u0259l\u0259li \u015f\u0259kild\u0259 azald\u0131lmas\u0131 v\u0259 daxili borcla \u0259v\u0259zl\u0259\u015fdirilm\u0259si, habel\u0259 daxili maliyy\u0259 bazar\u0131nda d\u00f6vl\u0259t istiqrazlar\u0131n\u0131n yerl\u0259\u015fdirilm\u0259si hesab\u0131na d\u00f6vl\u0259t b\u00fcdc\u0259si k\u0259sirinin ba\u011flanmas\u0131na v\u0259saitin y\u00f6n\u0259ldilm\u0259si n\u0259tic\u0259sind\u0259 daxili d\u00f6vl\u0259t borcunun s\u0259viyy\u0259si \u0259h\u0259miyy\u0259tli d\u0259r\u0259c\u0259d\u0259 art\u0131b. Eyni zamanda daxili maliyy\u0259 bazar\u0131nda likvidliyin daralmas\u0131 \u0259lav\u0259 borc v\u0259saitl\u0259rinin c\u0259lb edilm\u0259 imkanlar\u0131n\u0131 m\u0259hdudla\u015fd\u0131r\u0131b. Qeyd olunanlarla \u0259laq\u0259dar olaraq, n\u00f6vb\u0259ti d\u00f6vr \u0259rzind\u0259 d\u00f6vl\u0259t borclanmas\u0131n\u0131n \u0259sas\u0259n beyn\u0259lxalq maliyy\u0259 qurumlar\u0131 il\u0259 \u0259m\u0259kda\u015fl\u0131q \u00e7\u0259r\u00e7iv\u0259sind\u0259 layih\u0259 maliyy\u0259l\u0259\u015fdirilm\u0259si vasit\u0259sil\u0259 h\u0259yata ke\u00e7irilm\u0259sin\u0259 \u00fcst\u00fcnl\u00fck verilm\u0259si n\u0259z\u0259rd\u0259 tutulur. Bel\u0259 ki, Az\u0259rbaycan Respublikas\u0131n\u0131n Prezidenti t\u0259r\u0259find\u0259n m\u00fc\u0259yy\u0259n olunmu\u015f bir s\u0131ra prioritet sah\u0259l\u0259r, o c\u00fcml\u0259d\u0259n n\u0259qliyyat sektoru, \u00f6z\u00fcn\u00fcm\u0259\u015f\u011fulluq v\u0259 sosial m\u00fcdafi\u0259nin g\u00fccl\u0259ndirilm\u0259si \u00fczr\u0259 layih\u0259l\u0259rin maliyy\u0259l\u0259\u015fdirilm\u0259si \u00fc\u00e7\u00fcn beyn\u0259lxalq maliyy\u0259 institutlar\u0131ndan xarici borcun c\u0259lb edilm\u0259si m\u0259qs\u0259dil\u0259 m\u00fcvafiq prosedurlara ba\u015flan\u0131l\u0131b v\u0259 qeyd olunan bir s\u0131ra prioritet sah\u0259l\u0259r \u00fczr\u0259 layih\u0259l\u0259rin maliyy\u0259l\u0259\u015fdirilm\u0259si m\u0259qs\u0259dil\u0259 beyn\u0259lxalq maliyy\u0259 institutlar\u0131 il\u0259 2024-2025-ci ill\u0259r \u0259rzind\u0259 kredit m\u00fcqavil\u0259l\u0259ri imzalanaraq t\u0259sdiq edilib\u201d.<\/p>\n

M\u00fc\u0259yy\u0259n olunmu\u015f bir s\u0131ra prioritet sah\u0259l\u0259r \u00fczr\u0259 layih\u0259l\u0259rin maliyy\u0259l\u0259\u015fdirilm\u0259si \u00fc\u00e7\u00fcn beyn\u0259lxalq maliyy\u0259 institutlar\u0131ndan xarici borcun c\u0259lb edilm\u0259si m\u0259qs\u0259dil\u0259 m\u00fcvafiq prosedurlara art\u0131q ba\u015flan\u0131ld\u0131\u011f\u0131ndan, imzalanacaq borc sazi\u015fl\u0259ri \u00fczr\u0259 c\u0259lb olunacaq kredit v\u0259 sairl\u0259ri k\u0259sirin maliyy\u0259l\u0259\u015fm\u0259 m\u0259nb\u0259yind\u0259 pay\u0131n\u0131n artmas\u0131n\u0131 \u015f\u0259rtl\u0259ndir\u0259c\u0259k: \u201cYeni makro-fiskal \u00e7\u0259r\u00e7iv\u0259nin t\u0259tbiqi il\u0259 \u0259laq\u0259dar qar\u015f\u0131ya qoyulmu\u015f h\u0259d\u0259fl\u0259r\u0259 uy\u011fun olaraq uzunm\u00fcdd\u0259tli d\u00f6vrd\u0259 daxili v\u0259 xarici borclanma t\u0259sdiq edilmi\u015f limitl\u0259r \u00e7\u0259r\u00e7iv\u0259sind\u0259 istifad\u0259 edil\u0259c\u0259k. Bu h\u0259d\u0259fin t\u0259min edilm\u0259si \u00fc\u00e7\u00fcn d\u00f6vl\u0259t qiym\u0259tli ka\u011f\u0131zlar\u0131n\u0131n v\u0259 istiqrazlar\u0131n\u0131n emissiyas\u0131 il\u0259 daxili maliyy\u0259 bazarlar\u0131n\u0131n inki\u015faf etdirilm\u0259sinin diqq\u0259t m\u0259rk\u0259zind\u0259 saxlan\u0131lmas\u0131 davam ed\u0259c\u0259k\u201d.<\/p>\n

N\u00f6vb\u0259ti d\u00f6vr \u0259rzind\u0259 d\u0259 beyn\u0259lxalq maliyy\u0259 institutlar\u0131 il\u0259 \u0259m\u0259kda\u015fl\u0131q \u00e7\u0259r\u00e7iv\u0259sind\u0259 prioritet layih\u0259l\u0259rin maliyy\u0259l\u0259\u015fdirilm\u0259si \u00fc\u00e7\u00fcn kredit v\u0259saitl\u0259rinin c\u0259lb edilm\u0259si n\u0259z\u0259rd\u0259 tutulur. 2025-ci ilin sonuna Az\u0259rbaycan\u0131n d\u00f6vl\u0259t borcunun (xarici v\u0259 daxili) \u00fcmumi m\u0259bl\u0259\u011finin 29,0 milyard manat s\u0259viyy\u0259sin\u0259 v\u0259 ya proqnozla\u015fd\u0131r\u0131lan \u00dcDM-in 22,2 faizin\u0259 \u00e7ataca\u011f\u0131 g\u00f6zl\u0259nilir.\u00a0 Ortam\u00fcdd\u0259tli (2026-2029-cu ill\u0259r) d\u00f6vr\u00fcn sonuna Az\u0259rbaycan\u0131n d\u00f6vl\u0259t borcunun (xarici v\u0259 daxili) \u00fcmumi m\u0259bl\u0259\u011finin 32,7 milyard manat s\u0259viyy\u0259sin\u0259 \u00e7ataca\u011f\u0131 v\u0259 2029-cu il \u00fczr\u0259 proqnozla\u015fd\u0131r\u0131lan \u00dcDM-in 20,1 faiz s\u0259viyy\u0259sind\u0259 olaca\u011f\u0131 g\u00f6zl\u0259nilir.<\/p>\n

\"Manat\u0131n<\/p>\n

R\u0259\u015fad H\u0259s\u0259nov<\/strong><\/p>\n

\u0130qtisad\u00e7\u0131-ekspert R\u0259\u015fad H\u0259s\u0259novun \u201cYeni M\u00fcsavat\u201da dediyin\u0259 g\u00f6r\u0259, d\u00f6vl\u0259t b\u00fcdc\u0259si il\u0259 ba\u011fl\u0131 a\u00e7\u0131qlanan n\u00f6vb\u0259ti proqnoz d\u00f6vr\u00fcnd\u0259 (2026-2029) \u00e7ox m\u00fch\u00fcm \u00e7a\u011f\u0131r\u0131\u015flar olacaq:<\/strong>\u00a0\u201cHaz\u0131rlanan s\u0259n\u0259d bu \u00e7a\u011f\u0131r\u0131\u015flar\u0131 n\u0259z\u0259r\u0259 ala bilmir, yaxud da t\u0259qdim olunan versiya baza versiya oldu\u011funa g\u00f6r\u0259 bu \u00e7a\u011f\u0131r\u0131\u015flar \u00f6z \u0259ksini tam tapmay\u0131b. Burada m\u0259s\u0259l\u0259 ilk n\u00f6vb\u0259d\u0259 neft qiym\u0259ti v\u0259 hasilat\u0131n\u0131n azalmas\u0131 il\u0259 ba\u011fl\u0131d\u0131r. Bu aspektd\u0259n n\u00f6vb\u0259ti be\u015f ild\u0259 b\u00fcdc\u0259nin neft g\u0259lirl\u0259rinin nominal ifad\u0259d\u0259 15 faiz azalmas\u0131 v\u0259 15 milyard manata d\u00fc\u015fm\u0259si proqnozla\u015fd\u0131r\u0131l\u0131r. \u018fv\u0259zind\u0259 qeyri-neft-qaz g\u0259lirl\u0259rinin 2025-ci ild\u0259 n\u0259z\u0259rd\u0259 tutulan 19 milyard manatdan t\u0259xmin\u0259n 25 milyard manata q\u0259d\u0259r artmas\u0131 g\u00f6zl\u0259ntil\u0259ri var. \u0130nflyasiya effektini v\u0259 qeyri-neft sah\u0259si \u00fczr\u0259 g\u00f6zl\u0259nil\u0259n art\u0131m\u0131 proqnozlar\u0131n\u0131 n\u0259z\u0259r\u0259 alsaq, qar\u015f\u0131ya qoyulan h\u0259d\u0259f\u0259 nail olunmas\u0131 m\u00fcmk\u00fcnd\u00fcr. Lakin burada neft g\u0259lirl\u0259ri il\u0259 ba\u011fl\u0131 m\u0259qama yenid\u0259n qay\u0131tsaq, proqnozla\u015fd\u0131rma neftin 65 dollarl\u0131q qiym\u0259ti \u0259sas\u0131nda apar\u0131l\u0131b. \u0130ndiki halda proqnozla\u015fd\u0131rma m\u00fchiti pisl\u0259\u015fib v\u0259 \u00f6ng\u00f6r\u00fc \u00e7\u0259tinl\u0259\u015fib. Amma bununla bel\u0259, m\u00f6vcud geosiyas\u0131 m\u00fcnasib\u0259tl\u0259r daha s\u0259rt m\u0259craya daxil olarsa, neftin qiym\u0259tinin daha da ucuzla\u015fmas\u0131 \u00fc\u00e7\u00fcn \u015f\u0259rtl\u0259r formala\u015facaq. Bu zaman t\u0259bii ki, dig\u0259r m\u0259s\u0259l\u0259 g\u00fcnd\u0259m\u0259 g\u0259lir: h\u00f6kum\u0259tin daha konsolid\u0259 olunmu\u015f b\u00fcdc\u0259 siyas\u0259tin\u0259 qay\u0131tmas\u0131, D\u00f6vl\u0259t Neft Fondundan b\u00fcdc\u0259y\u0259 transfertl\u0259rin azald\u0131lmas\u0131, dolay\u0131s\u0131 il\u0259 b\u00fcdc\u0259nin formala\u015fmas\u0131nda neft sektorunun pay\u0131n\u0131n azalmas\u0131, n\u0259hay\u0259td\u0259 is\u0259 b\u00fcdc\u0259 k\u0259sirinin artmas\u0131 prosesi ba\u015f ver\u0259 bil\u0259r\u201d.<\/p>\n

Ekspert deyir ki, zaman ke\u00e7dikc\u0259 b\u00fcdc\u0259nin x\u0259rcl\u0259rinin optimalla\u015fd\u0131r\u0131lmas\u0131 imkanlar\u0131 daral\u0131r:<\/strong>\u00a0\u201cGetdikc\u0259 b\u00fcdc\u0259nin sosial \u00f6d\u0259ni\u015fl\u0259r v\u0259 qorunan x\u0259rcl\u0259r formas\u0131nda ixtisar\u0131 m\u00fcmk\u00fcn olmayan x\u0259rcl\u0259rinin pay\u0131 art\u0131r. Bu \u015f\u0259raitd\u0259 b\u00fcdc\u0259nin x\u0259rcl\u0259rinin optimalla\u015fd\u0131r\u0131lmas\u0131 \u00e7\u0259tin olacaq ki, bu da b\u00fcdc\u0259 k\u0259sirini art\u0131racaq amill\u0259rd\u0259n birin\u0259 \u00e7evril\u0259c\u0259k. B\u00fcdc\u0259 k\u0259sirinin ba\u011flanmas\u0131nda xarici borclanmadan istifad\u0259 \u00fc\u00e7\u00fcn h\u00fcquqi baza ke\u00e7\u0259n ild\u0259n yarad\u0131l\u0131b, xarici borcun yuxar\u0131 h\u0259ddi art\u0131r\u0131l\u0131b. Bu bax\u0131mdan, n\u00f6vb\u0259ti m\u0259rh\u0259l\u0259d\u0259 xarici borclanman\u0131n artmas\u0131 g\u00f6zl\u0259nil\u0259n idi. Bu \u00e7a\u011f\u0131r\u0131\u015f ilk n\u00f6vb\u0259d\u0259 azad olunmu\u015f \u0259razil\u0259rin b\u0259rpas\u0131 \u00fc\u00e7\u00fcn laz\u0131m olan irih\u0259cmli v\u0259saitl\u0259rin t\u0259min edilm\u0259si z\u0259rur\u0259tind\u0259n qaynaqlan\u0131r. Bildiyiniz kimi, bu sah\u0259 b\u00f6y\u00fck resurslar t\u0259l\u0259b edir. Bu resurslar\u0131n yaln\u0131z yerli m\u0259nb\u0259l\u0259r hesab\u0131na maliyy\u0259l\u0259\u015fdirilm\u0259si \u00e7\u0259tindir. Dig\u0259r t\u0259r\u0259fd\u0259n, x\u0259rcl\u0259rin yaln\u0131z neft g\u0259lirl\u0259ri hesab\u0131na v\u0259 bir n\u0259slin \u00fcz\u0259rin\u0259 y\u00fckl\u0259nm\u0259si do\u011fru yana\u015fma deyil. G\u0259lirl\u0259rin g\u0259l\u0259c\u0259k n\u0259sill\u0259r\u0259 \u00f6t\u00fcr\u00fclm\u0259si \u00f6hd\u0259liyi bax\u0131m\u0131ndan da bu, \u0259dal\u0259tsiz yana\u015fmad\u0131r. Buna g\u00f6r\u0259 d\u0259 bir s\u0131ra x\u0259rcl\u0259rin uzunm\u00fcdd\u0259tli borclanma il\u0259 maliyy\u0259l\u0259\u015fdirilm\u0259si daha u\u011furlu yoldur. Bel\u0259 borclanma is\u0259 \u0259sas\u0259n xarici m\u0259nb\u0259l\u0259rd\u0259n m\u00fcmk\u00fcnd\u00fcr. Dig\u0259r t\u0259r\u0259fd\u0259n, haz\u0131rk\u0131 \u015f\u0259raitd\u0259 bir \u00e7ox hallarda xarici borclanma daxili borclanmadan daha \u0259lveri\u015flidir. B\u00f6y\u00fck ehtimalla, n\u00f6vb\u0259ti m\u0259rh\u0259l\u0259d\u0259 yerli resurslar\u0131n alternativ m\u0259qs\u0259dl\u0259rl\u0259 istifad\u0259si, o c\u00fcml\u0259d\u0259n pul k\u00fctl\u0259sinin t\u0259nziml\u0259nm\u0259si, qiym\u0259tli ka\u011f\u0131zlar bazar\u0131na y\u00f6n\u0259ldilm\u0259si, yaxud m\u00fcxt\u0259lif fondlara toplanaraq g\u0259l\u0259c\u0259kd\u0259 azad olunmu\u015f \u0259razil\u0259rin b\u0259rpas\u0131na c\u0259lb edilm\u0259si m\u0259s\u0259l\u0259si ortaya g\u0259l\u0259c\u0259k. \u00c7\u00fcnki indiki m\u0259rh\u0259l\u0259d\u0259 d\u00f6vl\u0259tin daxili borclanman\u0131 art\u0131rmas\u0131 n\u0259tic\u0259sind\u0259 faktiki olaraq y\u0131\u011f\u0131m bazas\u0131n\u0131n ki\u00e7ilm\u0259si v\u0259 daxili borclanma faizl\u0259rinin y\u00fcks\u0259lm\u0259si m\u00fc\u015fahid\u0259 olunur. Maliyy\u0259 Nazirliyi bu s\u0259b\u0259bd\u0259n d\u00f6vl\u0259t istiqrazlar\u0131n\u0131 daha y\u00fcks\u0259k faizl\u0259 yerl\u0259\u015fdirm\u0259li olurdu ki, bu da b\u00fcdc\u0259nin faiz x\u0259rcl\u0259rini art\u0131r\u0131rd\u0131. Orta v\u0259 uzunm\u00fcdd\u0259tli d\u00f6vr \u00fc\u00e7\u00fcn h\u00f6kum\u0259tin t\u0259qdim etdiyi ssenaril\u0259rd\u0259 m\u00fcmk\u00fcn v\u0259 qeyri-m\u00fcmk\u00fcn olan m\u0259qamlar var. Burada k\u0259sirin v\u0259 iri layih\u0259l\u0259rin xarici borclanman\u0131n hesab\u0131na maliyy\u0259l\u0259\u015fdirilm\u0259si m\u00fcsb\u0259t se\u00e7im hesab oluna bil\u0259r. \u00c7\u00fcnki yerli v\u0259saitl\u0259rin bu m\u0259qs\u0259dl\u0259r\u0259 y\u00f6n\u0259ldilm\u0259si son n\u0259tic\u0259d\u0259 \u0259sas iqtisadiyyat\u0131 ciddi riskl\u0259r\u0259 m\u0259ruz qoya, \u0259sas iqtisadiyyata investisiya qoyulu\u015funu azalda, xarici investisiyalar \u00fc\u00e7\u00fcn c\u0259lbediciliyini k\u0259skin azalda bil\u0259r. D\u00fc\u015f\u00fcn\u00fcr\u0259m ki, fundamental bax\u0131\u015f x\u00fcsusil\u0259 d\u0259 b\u0259rpa-quruculuq i\u015fl\u0259rinin d\u00f6vl\u0259t-\u00f6z\u0259l \u0259m\u0259kda\u015fl\u0131\u011f\u0131 formas\u0131nda maliyy\u0259l\u0259\u015fdirilm\u0259sinin t\u0259tbiqi yolu il\u0259 d\u00f6vl\u0259tin bu sah\u0259d\u0259 y\u00fck\u00fcn\u00fcn azald\u0131lmas\u0131 bax\u0131m\u0131ndan vacibdir\u201d.<\/p>\n","protected":false},"excerpt":{"rendered":"

Maliyy\u0259 Nazirliyi Az\u0259rbaycan\u0131n 2026-2029-cu ill\u0259r\u0259 dair b\u00fcdc\u0259 \u00e7\u0259r\u00e7iv\u0259sini a\u00e7\u0131qlay\u0131b. S\u0259n\u0259d\u0259 g\u00f6r\u0259, g\u0259l\u0259n il d\u00f6vl\u0259t b\u00fcdc\u0259sinin g\u0259lirl\u0259ri 39 milyard 251 milyon 300 min manat, x\u0259rcl\u0259ri 42 milyard 230 milyon manat olacaq. Bu is\u0259 o dem\u0259kdir ki, 2025-ci ill\u0259 m\u00fcqayis\u0259d\u0259 2026-c\u0131 ild\u0259 d\u00f6vl\u0259t b\u00fcdc\u0259sinin g\u0259lirl\u0259ri 895 milyon 300 min manat, yaxud 2,33 faiz, x\u0259rcl\u0259ri 822 milyon 400 min manat, yaxud 1,98 faiz artacaq. Qeyd ed\u0259k ki, Az\u0259rbaycan Respublikas\u0131n\u0131n 2025-ci il d\u00f6vl\u0259t b\u00fcdc\u0259sinin g\u0259lirl\u0259ri 38 milyard 356 milyon manat, x\u0259rcl\u0259ri 41 milyard 407 milyon 600 min manat m\u0259bl\u0259\u011find\u0259 t\u0259sdiq edilib. 2026-c\u0131 ild\u0259 d\u00f6vl\u0259t…<\/p>\n","protected":false},"author":2,"featured_media":800655,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[19],"tags":[],"aioseo_notices":[],"gutentor_comment":0,"rttpg_featured_image_url":{"full":["https:\/\/arantv.az\/wp-content\/uploads\/2025\/04\/ca7b7b52c99bc955d3d0ce529d2e1797.jpg",870,500,false],"landscape":["https:\/\/arantv.az\/wp-content\/uploads\/2025\/04\/ca7b7b52c99bc955d3d0ce529d2e1797.jpg",870,500,false],"portraits":["https:\/\/arantv.az\/wp-content\/uploads\/2025\/04\/ca7b7b52c99bc955d3d0ce529d2e1797.jpg",870,500,false],"thumbnail":["https:\/\/arantv.az\/wp-content\/uploads\/2025\/04\/ca7b7b52c99bc955d3d0ce529d2e1797-500x280.jpg",500,280,true],"medium":["https:\/\/arantv.az\/wp-content\/uploads\/2025\/04\/ca7b7b52c99bc955d3d0ce529d2e1797-635x365.jpg",635,365,true],"large":["https:\/\/arantv.az\/wp-content\/uploads\/2025\/04\/ca7b7b52c99bc955d3d0ce529d2e1797-840x483.jpg",640,368,true],"1536x1536":["https:\/\/arantv.az\/wp-content\/uploads\/2025\/04\/ca7b7b52c99bc955d3d0ce529d2e1797.jpg",870,500,false],"2048x2048":["https:\/\/arantv.az\/wp-content\/uploads\/2025\/04\/ca7b7b52c99bc955d3d0ce529d2e1797.jpg",870,500,false],"post-thumbnail":["https:\/\/arantv.az\/wp-content\/uploads\/2025\/04\/ca7b7b52c99bc955d3d0ce529d2e1797-240x172.jpg",240,172,true],"advps-thumb-one":["https:\/\/arantv.az\/wp-content\/uploads\/2025\/04\/ca7b7b52c99bc955d3d0ce529d2e1797.jpg",870,500,false]},"rttpg_author":{"display_name":"V\u00fcsal Rafiqo\u011flu","author_link":"https:\/\/arantv.az\/?author=2"},"rttpg_comment":0,"rttpg_category":"G\u00fcnd\u0259m<\/a>","rttpg_excerpt":"Maliyy\u0259 Nazirliyi Az\u0259rbaycan\u0131n 2026-2029-cu ill\u0259r\u0259 dair b\u00fcdc\u0259 \u00e7\u0259r\u00e7iv\u0259sini a\u00e7\u0131qlay\u0131b. S\u0259n\u0259d\u0259 g\u00f6r\u0259, g\u0259l\u0259n il d\u00f6vl\u0259t b\u00fcdc\u0259sinin g\u0259lirl\u0259ri 39 milyard 251 milyon 300 min manat, x\u0259rcl\u0259ri 42 milyard 230 milyon manat olacaq. Bu is\u0259 o dem\u0259kdir ki, 2025-ci ill\u0259 m\u00fcqayis\u0259d\u0259 2026-c\u0131 ild\u0259 d\u00f6vl\u0259t b\u00fcdc\u0259sinin g\u0259lirl\u0259ri 895 milyon 300 min manat, yaxud 2,33 faiz, x\u0259rcl\u0259ri 822 milyon 400…","_links":{"self":[{"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/posts\/800654"}],"collection":[{"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/arantv.az\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=800654"}],"version-history":[{"count":1,"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/posts\/800654\/revisions"}],"predecessor-version":[{"id":800656,"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/posts\/800654\/revisions\/800656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arantv.az\/index.php?rest_route=\/wp\/v2\/media\/800655"}],"wp:attachment":[{"href":"https:\/\/arantv.az\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=800654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arantv.az\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=800654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arantv.az\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=800654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}