Azerbaijan's 2027 state budget bill goes before National Assembly: revenues and expenditures announced

A draft law on Azerbaijan's state budget for 2027 has been submitted to the Milli Majlis, the National Assembly. According to the bill, state budget revenues are planned at 39.254 billion manat and expenditures at 42.4 billion manat. The 3.146 billion manat deficit is to be financed through privatisation and other sources, domestic and external borrowing, and the free balance of the single treasury account expected on 1 January 2027.

The largest revenue items are value added tax at 9.386 billion manat, corporate profit tax at 6.983 billion manat and personal income tax at 3.07 billion manat. The upper limit of transfers from a relevant body is set at 11.9 billion manat. Planned spending includes 8.9073 billion manat for economic activity, 8.8164 billion manat for defence and national security, 5.099 billion manat for education, 4.914 billion manat for social protection and 2.0841 billion manat for health.

The upper limit for debt service costs is 772.5 million manat for domestic debt and 1.4275 billion manat for external debt. Under the bill, the 2027 state budget law will enter into force on 1 January 2027.