Non-oil sector to provide 60.5% of Azerbaijan's 2027 budget revenues

Azerbaijan's state budget revenues are expected to amount to 39.234 billion manats ($23.08 billion) in 2027, while expenditures are projected at 42.4 billion manats ($24.94 billion).

According to Report, citing the Ministry of Finance, these figures are 1.6% and 1.7% higher, respectively, than the approved forecasts for 2026.

As a result, the state budget is expected to post a deficit of 3.166 billion manats ($1.86 billion) next year, equivalent to 2.2% of projected gross domestic product. The deficit would be 2.3% higher year on year.

Of the projected budget revenues, 39.5%, or 15.48 billion manats ($9.11 billion), is expected to come from the oil and gas sector, while 60.5%, or 23.754 billion manats ($13.97 billion), is projected to come from the non-oil and gas sector.

The source also states that 26.4 billion manats ($15.53 billion), or 62.3%, of projected budget expenditures will be current expenditures, 13.8 billion manats ($8.12 billion), or 32.5%, capital expenditures, and 2.2 billion manats ($1.29 billion), or 5.2%, expenditures related to servicing public debt and liabilities.