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Azerbaijan outlines 2027 budget and economic projections
Azerbaijan has released key economic indicators and projections through the 2027 draft state budget. The government expects state-owned enterprises to contribute 872 million manat ($512.9 million) in dividends to the state budget in 2027, a 45.3% increase over the 2026 forecast. Major contributors include SOCAR, projected to pay 434 million manat, and the International Bank of Azerbaijan, expected to contribute 175 million manat.
Fixed capital investments are projected to reach 25.38 billion manat in 2027, with a forecast to grow to 28.4 billion manat by 2030. Domestic investments are expected to drive this growth, while foreign investment is projected to decrease over the same period. In 2027, the oil and gas sector is slated to receive 7.93 billion manat in investment, with the remainder allocated to other sectors.
Regarding territorial development, the Ministry of Economy reported that nearly 26 billion manat ($15.3 billion) was allocated from the state budget between 2020 and 2026 for the restoration and reconstruction of liberated territories. The government aims to strengthen the economic foundation of the Great Return program through increased production and employment in these regions.
Entities
AIREX 2026 · Aghdam Industrial Park · Araz Valley Economic Zone · Azerbaijan · Baku · Elvin Jamalov · Government of Azerbaijan · Guy Perry · International Bank of Azerbaijan · Levent Kirazoglu · Milli Majlis · Ministry of Economy
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The International Bank of Azerbaijan (IBA) OJSC is expected to contribute 175 million manat in dividends in 2027. www.trend.az
- [○ 1 SOURCE] Azerbaijan's external debt fell by 9.3% year on year to $12.3 billion as of the end of 2025.
- [○ 1 SOURCE] State-owned enterprises are projected to pay 872 million manat in dividends to Azerbaijan's state budget in 2027. www.trend.az
- [○ 1 SOURCE] SOCAR is projected to contribute 434 million manat in dividends to the state budget in 2027. www.trend.az