Azerbaijan's 2027 state budget bill discussed in parliamentary committee

The Economic Policy, Industry and Entrepreneurship Committee of the Milli Majlis discussed the bill 'On the State Budget of the Republic of Azerbaijan for 2027' on November 4. Committee members, representatives of political parties represented in parliament, and heads and representatives of relevant state bodies attended. Committee chairman Azer Emiraslanov said the budget package had been submitted to the Milli Majlis in the manner established by law and that the Chamber of Accounts had prepared opinions on the budget documents.

According to Emiraslanov, the 2027 budget projects revenues of 39.2 billion manat and expenditures of 42.4 billion manat. Compared with the approved 2026 budget, this represents a 1.7 percent increase in both revenues and expenditures. The upper limit of the budget deficit is planned at about 3.2 billion manat. Social expenditures are set at 18.7 billion manat, or 44.2 percent of total spending.

Finance Minister Sahil Babayev presented the bill. He said gross domestic product for 2027 is estimated at 141 billion manat, with real growth of 2.7 percent. Average annual inflation is forecast at 5.3 percent.