Azerbaijan sets goal of covering budget expenditure with oil and gas revenues by 2030
Deputy Finance Minister Gimalay Mamishov said at a joint session of parliamentary committees that by 2030 the republic aims to fully cover current budget expenditure from oil and gas revenues. The statement was made on 12 November 2026.
Abdulrahman Sadikhli2 min read
Azerbaijan aims to fully cover current state budget expenditure with oil and gas revenues by 2030. Deputy Finance Minister Gimalay Mamishov made the statement on Thursday, 12 November 2026.
According to him, the statement was made at a joint session of parliamentary committees on youth and sports, public associations and religious institutions, and culture. The session discussed the draft law "On the State Budget for 2027."
State budget expenditure for 2027
Mamishov said that state budget expenditure of Azerbaijan for 2027 is planned at 42.4 billion manats (24.9 billion US dollars). This is 696.4 million manats (409.6 million US dollars), or 1.7%, more than in the current year. In the medium-term perspective, from 2023 to 2027, state budget expenditure has grown by 5.9 billion manats (3.47 billion US dollars), or 16.3%.
Of the total amount planned for expenditure next year, 26.4 billion manats (15.5 billion US dollars), or 62.3%, will go to current expenditure. Capital expenditure will account for 13.8 billion manats (8.1 billion US dollars), or 32.5%, and debt servicing for 2.2 billion manats (1.29 billion US dollars), or 5.2%.
Share of oil and gas revenues
The deputy minister noted that in 2027, 90.1% of current expenditure will be covered by revenues from the oil and gas sectors. This is 2.1 percentage points higher than in 2026.
Our goal for 2030 is to fully cover all current expenditure with oil and gas revenues.
Source: trend.az
