Azerbaijan's subsistence minimum to reach 359 manat by 2030

Azerbaijan's subsistence minimum is forecast to rise to 359 manat by 2030, Deputy Minister of Economy Sahib Alakbarov said. Speaking at a joint session of the parliament's Committee on Labour and Social Policy and the Committee on Economic Policy, Industry and Entrepreneurship, he discussed the draft law on the 2027 budget of the State Social Protection Fund.

According to the forecast, the national subsistence minimum will be 314 manat, 329 manat, 344 manat and 359 manat in 2027 to 2030 respectively. For 2027, the figure is 334 manat for working-age people, 258 manat for pensioners and 274 manat for children. In 2026, the national subsistence minimum was set at 300 manat.

Alakbarov said that in the first nine months of this year, real fixed-capital investment rose by 10.9 percent and private investment outside the oil and gas sector grew by about 21 percent. Priorities include expanding non-oil-gas exports, accelerating strategic investment projects and promoting economic activity along transport corridors.