BAKU, Azerbaijan, July 27. Azerbaijan's
consolidated budget posted a surplus of 4.590 billion manats ($2.70
billion) in the first six months of 2026, as revenues totaled
24.414 billion manats ($14.36 billion) and expenditures reached
19.824 billion manats ($11.66 billion), according to the Finance
Ministry.


The ministry said the consolidated budget surplus amounted to
4.590 billion manats ($2.70 billion) during the reporting
period.


Within the consolidated budget, the State Social Protection Fund
recorded revenues of 4.295 billion manats ($2.53 billion) and
expenditures of 4.124 billion manats ($2.43 billion).


The Unemployment Insurance Fund reported revenues of 125.2
million manats ($73.7 million) and expenditures of 78.1 million
manats ($45.9 million).


The Compulsory Health Insurance Fund posted revenues of 1.012
billion manats ($595.4 million) and expenditures of 1.154 billion
manats ($678.6 million).


The State Oil Fund of the Republic of Azerbaijan (SOFAZ)
recorded revenues of 8.540 billion manats ($5.02 billion) and
expenditures of 6.434 billion manats ($3.79 billion).


During the reporting period, the budget of the Nakhchivan
Autonomous Republic generated revenues of 218.4 million manats
($128.5 million), while expenditures totaled 215.7 million manats
($126.9 million).







Separately, Azerbaijan's state budget recorded a surplus of
2.404 billion manats ($1.41 billion) in the first half of 2026,
with revenues totaling 19.179 billion manats ($11.28 billion) and
expenditures reaching 16.776 billion manats ($9.87 billion).


State budget revenues exceeded the forecast of 18.829 billion
manats ($11.07 billion) by 350.3 million manats ($206.1 million),
or 1.9%, reaching 49.7% of the annual revenue target.


Excluding transfers from SOFAZ, state budget revenues amounted
to 12.759 billion manats ($7.51 billion), exceeding the forecast by
2.8%.


Tax revenues accounted for 8.843 billion manats ($5.20 billion),
or 46.1%, of total budget revenues. Transfers from SOFAZ totaled
6.420 billion manats ($3.78 billion), or 33.5%, while customs
revenues reached 3.144 billion manats ($1.85 billion), or 16.4%.
The remaining revenues came from paid services provided by
state-funded organizations, leasing of state property, and other
sources.


Compared with budget projections, tax revenues exceeded the
target by 217.7 million manats ($128.1 million), customs revenues
by 10.4 million manats ($6.1 million), income from leasing state
property by 5.5 million manats ($3.2 million), and other revenues
by 246.2 million manats ($144.8 million). Revenues from paid
services provided by state-funded organizations fell 108.7 million
manats ($63.9 million) below the forecast, while SOFAZ transfers
were executed as planned.


Compared with the first half of 2025, tax revenues increased by
139 million manats ($81.8 million), customs revenues by 52.5
million manats ($30.9 million), income from leasing state property
by 6.3 million manats ($3.7 million), and revenues from paid
services provided by state-funded organizations by 38.6 million
manats ($22.7 million).