Azerbaijani President Approves 2026 State Budget

Azerbaijani President Ilham Aliyev has approved the bill on the 2026 state budget, which was adopted by the Milli Majlis on December 9.

Under the approved legislation, state budget revenues for 2026 are projected at 38.61 billion manats ($22.71 billion), representing a 0.7 percent increase compared to the approved forecast for 2025, The Caspian Post reports, citing AZERTAC.

State budget expenditures are expected to reach 41.7 billion manats ($24.5 billion), also up 0.7 percent year on year.

As a result, the state budget deficit is projected at 3.1 billion manats ($1.82 billion), reflecting a 1.4 percent increase compared with the previous year.

Revenues of Azerbaijan’s consolidated budget in 2026 are forecast at 44.97 billion manats ($26.45 billion), while expenditures are expected to total 48.84 billion manats ($28.73 billion). These figures represent increases of 2.3 percent and 2.5 percent, respectively, compared with the approved 2025 forecasts.

The consolidated budget deficit is projected at 3.87 billion manats ($2.28 billion), marking a 5.2 percent annual increase. The 2026 budget is based on an assumed oil price of $65 per barrel.