Baku: Azerbaijan has allocated over 25 billion manats from its budget for the restoration of territories liberated from occupation, as stated by Prime Minister Ali Asadov. Today, the main investment projects are concentrated in Karabakh and East Zangezur, with rapid reconstruction efforts underway under the direct supervision of the President, as articulated by the Prime Minister during his remarks on the Cabinet’s 2024 report at the Milli Majlis session.
According to Azerbaijan State News Agency, since 2020, more than 25 billion manats have been allocated for these restoration efforts, with a notable allocation of 3.5 billion manats projected for 2026. The majority of these funds are directed towards infrastructure projects. In the upcoming state budget, defense and national security expenditures will comprise approximately 21 percent, or 8.7 billion manats, of the total budget. Azerbaijan’s military industry is experiencing significant growth, with exports reaching multiple countries. The President has tasked the government with establishing an industrial cluster to satisfy both domestic needs and export demands, and steps are already being taken in this direction, as noted by the Prime Minister.