Azerbaijan’s Defense Budget to Rise by 1.1% in 2027

Baku: Azerbaijan’s defense and national security expenditures will increase by 1.1% next year, APA citing Ministry of Finance’s statement regarding the preliminary figures for the 2027 consolidated and state budgets. Next year, Azerbaijan’s defense an…

Azerbaijan Projects GDP to Reach AZN 141 Billion by 2027

Baku: Azerbaijan’s economic growth is expected to be close to 3% in 2027. Azerbaijani government forecasts that the country’s gross domestic product (GDP) will reach AZN 141 billion in 2027, APA-Economics reports citing Ministry of Finance’s macroecon…

Oil Price to Be USD 65 in Next Year’s Budget

Baku: The price of a barrel of “Azeri Light” crude oil has been projected at USD 65 for the preparation of Azerbaijan’s consolidated and state budget drafts for 2027.

According to Azeri-Press News Agency, this figure remains unchanged compared to th…

Azerbaijan’s State Budget to Surpass AZN 42 Billion in 2027

Baku: Azerbaijan’s state budget for 2027 is projected to reach a total of AZN 42 billion 400 million in expenditures, with revenues anticipated at AZN 39 billion 234 million. According to Azeri-Press News Agency, the Ministry of Finance’s budget figur…