BAKU, Azerbaijan, June 9. Azerbaijan's economic
growth was 1.4%, and average annual inflation amounted to 5.6%,
Chairman of the Parliament's Committee on Economic Policy, Industry
and Entrepreneurship Azer Amiraslanov said during the discussion of
the draft law "On the execution of the 2025 state budget of
Azerbaijan" at the committee's meeting today, Trend reports.
According to him, during the reporting period, defense and
security, social protection of the population, as well as financing
expenditures for the restoration of liberated territories, remained
priority areas.
The committee chairman noted that the execution of the 2025
state budget was carried out under conditions of macroeconomic
stability. Economic growth amounted to 1.4%, while average annual
inflation stood at 5.6% during the reporting year. A surplus of
$3.5 billion was recorded in the balance of payments current
account, while strategic foreign exchange reserves reached $85.1
billion.
The MP emphasized that an analysis of the report shows that
state budget revenues exceeded forecast targets. Thus, state budget
revenues for 2025 amounted to 39.2 billion manat ($23.1 billion),
exceeding the forecast by 829 million manat ($488 million), or
2.2%.
Although the approved expenditure target of the state budget was
41.4 billion manat ($24.4 billion), actual spending amounted to
38.6 billion manat ($22.7 billion), representing 93.2% of the
forecast.
While the upper limit of the state budget deficit had been
approved at 3.1 billion manat ($1.8 billion), the budget actually
recorded a surplus of 580 million manat ($341 million).
According to Amiraslanov, the 2025 budget package was assessed
in the parliament as a financial document serving the country's
economic development, social welfare, and national interests. The
results of the past year show that the implementation of the budget
fully met those objectives.
