At the Cabinet of Ministers of the Republic of Azerbaijan, under the leadership of Prime Minister Ali Asadov and with the participation of members of the Government, the draft state budget and consolidated budget for 2027, the indicators of the consolidated budget for the following three years, as well as the economic and social development concept and forecast indicators for 2027 and the following three years were discussed. The meeting reviewed the medium-term macroeconomic and fiscal framework, the main directions of budget policy, and the priorities of public expenditure.

Vusal Gasimli, Executive Director of the Center for Analysis of Economic Reforms and Communication, participated in the meeting.

During the discussions, it was stated that state budget revenues are projected to amount to AZN 39 billion 234 million in 2027, while expenditures are projected at AZN 42 billion 400 million. The state budget deficit is expected to account for 2.2 percent of GDP. According to macroeconomic forecasts, real GDP growth is projected at 2.7 percent in 2027, while growth in the non-oil sector is expected to reach 4.4 percent. It was stated that social-oriented expenditures would account for 44 percent of the state budget, with AZN 8.8 billion allocated to defense and national security expenditures, and AZN 3.4 billion directed toward the reconstruction and restoration of the liberated territories.

The meeting identified the main priorities of state budget expenditures for 2027–2030, including supporting sustainable economic growth; continuing reconstruction, restoration, and resettlement measures in the liberated territories; strengthening defense and national security; implementing social protection and social security measures; accelerating digital development and the application of artificial intelligence and innovative technologies; as well as advancing education, healthcare, and “green growth.” At the conclusion of the discussions, a decision was made to submit the draft state budget and consolidated budget for 2027, as well as other documents included in the budget package, to the President of the Republic of Azerbaijan in accordance with the legislation.