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Azerbaijan state budget and development planning

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2026-11-05 19:30 UTC → 2026-11-06 08:09 UTC · added ~~removed~~

The Azerbaijani government has outlined significant budgetary allocations focused on territorial reconstruction and social sectors. Between 2020 and 2026, approximately $15.3 billion (nearly 26 billion manat) was allocated for the restoration and reconstruction of liberated territories under the Great Return program. This initiative aims to strengthen regional economies through production and employment, with over 1,300 private sector projects currently underway and industrial parks in Aghdam and the Araz Valley already producing goods valued at roughly $1.8 billion. In addition to territorial development, the 2027 draft state budget includes plans to increase spending on science and education. Finance Minister Sahil Babayev announced that 5.4 billion manat is earmarked for these sectors, representing 3.8 percent of the country’s GDP. Education funding is expected to rise by more than 10 percent in 2026 compared to 2025, while 643 million manat has been designated for culture, information, and youth policy. As the Azerbaijani Parliament reviews the 2027 budget package, officials have highlighted social welfare as a domestic priority. The State Social Protection Fund's revenues are projected to reach 9.22 billion manat ($5.42 billion) in 2027. Furthermore, state-owned enterprises are expected to contribute 872 million manat ($512.9 million) in dividends to the state ~~budget.~~ budget, representing a 45.3 percent increase over the 2026 forecast. Key contributors include SOCAR, with a projected 434 million manat ($255.3 million), and the International Bank of Azerbaijan, which is expected to contribute 175 million manat ($102.9 million). ~~Expanding on broader economic development, the AIREX 2026 international real estate and investment exhibition was held~~ Fixed capital investments are projected to reach 25.38 billion manat in ~~Baku. During~~ 2027, with a forecast to grow to 28.4 billion manat by 2030. While domestic investments are expected to drive this growth, foreign investment is projected to decrease over the ~~event, experts discussed market stability~~ same period. In 2027, the oil and ~~development strategies.~~ gas sector is slated to receive 7.93 billion manat in investment.

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