BAKU, Azerbaijan, June 12. Azerbaijan
maintained fiscal discipline and implemented its budget rule
indicators within prescribed limits in 2025, Finance Minister Sahil
Babayev said during a parliamentary discussion of the draft law on
the execution of the state budget.
Speaking at a session of the Milli Majlis, Babayev said the
country's key fiscal indicators remained within target ranges
throughout the reporting period.
According to the minister, the ratio of the consolidated
budget's non-oil base deficit to non-oil gross domestic product
(GDP) stood at 18.6% in 2025, 3.5 percentage points below the
target level of 22%.
Babayev also said the share of non-oil revenues in the
consolidated budget increased to 55.2%, up 2.8 percentage points
from the previous year.
The minister noted that positive trends in public debt
management continued during the year. As of June 1, 2026,
Azerbaijan's public debt stood at 24.1 billion manats ($14.2
billion), equivalent to 18.4% of GDP, down 11.9% from the beginning
of the year.
According to Babayev, the average maturity of government bonds
increased to 3.8 years, while the share of seven-year and 10-year
bonds in the debt portfolio rose, indicating an improvement in the
portfolio's structure.
The minister also highlighted growth in the assets of the State
Oil Fund of Azerbaijan (SOFAZ). As of Jan. 1, 2026, the fund's
assets had increased by $13.5 billion to reach $73.5 billion.
Babayev said the increase in SOFAZ assets provides Azerbaijan
with a stronger long-term financial buffer to support macroeconomic
stability and future development.
