Baku: Azerbaijan’s Cabinet of Ministers has put forward the draft state budget for 2026, along with consolidated budget indicators for the subsequent three years, to President Ilham Aliyev. The draft was presented following a comprehensive meeting held at the Cabinet of Ministers of the Republic of Azerbaijan on September 25. The meeting was presided over by Prime Minister Ali Asadov and included government members, focusing on the economic and social development forecast for the coming years.
According to Azeri-Press News Agency, the meeting served as a platform to review the draft state and consolidated budgets for 2026. The discussions were in line with the Law of the Republic of Azerbaijan ‘On the Budget System.’ The draft materials, which had been compiled by the relevant authorities, were thoroughly examined by the attendees.
Prime Minister Ali Asadov initiated the meeting with a detailed presentation on the major components of the proposed state budget for the next year. This was followed by reports from various ministers, including Finance Minister Sahil Babayev, Economy Minister Mikayil Jabbarov, and Minister of Labor and Social Protection of the Population Anar Aliyev. Each provided insights into different aspects of the budget, such as the consolidated budget indicators and socio-economic development forecasts.
The meeting concluded with a decision to forward the draft budget and associated documents, as required by Article 12 of the Law of the Republic of Azerbaijan ‘On the Budget System,’ to the President. The comprehensive proposal aims to guide the nation’s financial and developmental trajectory over the next few years.