Azerbaijan Plans 7.5% Increase in Labour Pensions for 2027

Azerbaijan is projected to raise labour pensions by 7.5 percent in 2027. Day.az reports that this figure is included in the draft law on the 2027 state budget, which was put up for discussion in the Economic Policy, Industry and Entrepreneurship Committee of the Milli Majlis.

According to the document, 8 billion 669.43 million manat is planned for labour pension payments in 2027. This is 676.55 million manat, or 8.46 percent, more than the approved 2026 forecast. When indexing pensions, the expected growth rate of average monthly nominal wages of 7.5 percent in 2027 was taken into account.

The draft notes that the average monthly labour pension is expected to reach 594.4 manat at the end of 2026. In 2027, it is forecast to rise by about 7.5 percent to 639 manat.