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[BUSINESS] · Azerbaijan · 2 sources

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Azerbaijan plans to increase science and education spending

Azerbaijan's Finance Minister Sahil Babayev announced that 5.4 billion manat is being allocated to science and education, representing 3.8 percent of the country's GDP. During a meeting of the Milli Majlis Economic Policy, Industry and Entrepreneurship Committee regarding the 2027 state budget draft, Babayev noted that education accounts for approximately 3.6 percent of GDP, while science accounts for 0.2 percent.

The Minister stated that the government aims to continuously increase education spending as savings are realized in other sectors. For 2026, education funding is expected to increase by 479 million manat compared to 2025, a rise of more than 10 percent. Additionally, 643 million manat has been earmarked for culture, information, and youth policy, which is a 22 percent increase over 2025 levels.

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Azerbaijan · Milli Majlis · Sahil Babayev