Azerbaijan Outlines Main Directions of 2027 Budget Policy

Azerbaijan’s Finance Minister Sahil Babayev announced the main directions and principles of budget policy for 2027 in Baku on November 4. Presenting the draft law “On the State Budget of the Republic of Azerbaijan for 2027” in its first reading at a meeting of the parliament’s Committee on Economic Policy, Industry and Entrepreneurship, he said the policy rests on several priorities.

According to Babayev, the budget policy is built on supporting sustainable economic growth, preserving macroeconomic stability, raising public welfare and fully financing social measures, strengthening defence capability and security, developing the Karabakh and Eastern Zangezur economic regions, expanding the application of digital technologies and innovation, and supporting education and health sector development. It also includes maintaining fiscal discipline while following the budget rule, targeted and efficient execution of budget spending through the State Treasury, and further accelerating real sector development.