Baku: The Economic Council of Azerbaijan held a meeting on September 12-13, chaired by Prime Minister Ali Asadov, to review budget forecasts and economic priorities. The Press Service of the Cabinet of Ministers reported that the agenda included draft projections for the state and consolidated budgets for 2026, indicators for the consolidated budget for the next three years, and global economic trends.
According to Azeri-Press News Agency, participants examined key assumptions used in budget forecasts, the current economic situation, and updated macroeconomic forecasts for 2025-2029. The meeting also reviewed the main goals, directions, and targets of budget policy for 2026-2029.
Discussions focused on financing the reconstruction and restoration in Karabakh and East Zangezur, implementing the Great Return Program, the Medium-Term Expenditure Framework, and applying result-based budgeting mechanisms. Target indicators for budget rule parameters, as well as current policy directions in macroeconomic and financial stability, were also addressed.
Presentations were made by Minister of Economy Mikayil Jabbarov, Minister of Finance Sahil Babayev, Governor of the Central Bank Taleh Kazimov, and Minister of Labor and Social Protection Anar Aliyev. Council members engaged in detailed discussions on these presentations.
The meeting concluded with instructions for relevant institutions to submit all necessary documents and information for the 2026 budget package, incorporating Council members’ feedback, to the Cabinet of Ministers for submission to the President of the Republic of Azerbaijan.