Azerbaijan's 2027 state budget bill goes to parliament for discussion

Azerbaijan's Milli Majlis has begun discussing the draft law “On the State Budget of the Republic of Azerbaijan for 2027”. According to Trend, the bill will be considered on November 4 by the parliamentary committee on economic policy, industry and entrepreneurship.

Under the draft, 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 receipts, domestic and foreign borrowing, and the budget's free balance expected on January 1, 2027. The largest revenue sources 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.

On the spending side, economic activity is allocated 8,907.3 million manat, defence and national security 8,816.4 million manat, education 5,099 million manat, social protection and social welfare 4,914 million manat, and healthcare 2,084.1 million manat. The consolidated budget expenditure ceiling is set at 50.3771 billion manat.