BAKU, Azerbaijan, August 7. Azerbaijan
implemented 287 projects under its state investment program during
the first half of 2026, according to the Ministry of Finance.


The ministry said 810.2 million manats ($476.6 million) of the
2.7 billion manats ($1.59 billion) allocated for the program this
year had been utilized during the reporting period.


Of the funds spent, 337.8 million manats ($198.7 million) were
allocated to transport projects, 171.2 million manats ($100.7
million) to other projects, 151.2 million manats ($88.9 million) to
water management and irrigation, 60.9 million manats ($35.8
million) to defense and law enforcement, 51.2 million manats ($30.1
million) to social projects, and 37.9 million manats ($22.3
million) to energy and industry.


Water management and irrigation accounted for the largest number
of projects, with 88 implemented during the first six months of the
year. This was followed by 63 social projects, 43 projects in other
sectors, 42 transport projects, 40defense and law enforcement
projects, and 11 energy and industry projects.


Overall, 2.7 billion manats ($1.59 billion) has been earmarked
for the state investment program in 2026. As a result, about 30
percent of the planned funding had been utilized by the end of
June.


In addition, 99.2 million manats ($58.4 million) was spent on
investment projects financed through foreign loans.







Separately, the Ministry of Finance said capital expenditures
under Azerbaijan's Great Return Program totaled 1.064 billion
manats ($625.9 million) during the first half of 2026.


Total investment-oriented capital spending from the state budget
reached 4.188 billion manats ($2.46 billion) in January-June,
including 1.064 billion manats ($625.9 million) allocated to the
Great Return Program, 810.2 million manats ($476.6 million) to the
state investment program, and 2.314 billion manats ($1.36 billion)
for other capital expenditures.


The government has earmarked 3.5 billion manats ($2.06 billion)
for the Great Return Program in 2026, with nearly 30 percent of the
allocation utilized in the first half of the year.


Within the program, the largest allocations went to transport
projects at 505.2 million manats ($297.2 million) and social
projects at 400.5 million manats ($235.6 million). Funding was also
directed to projects in energy and industry, defense and law
enforcement, water management and irrigation, and other
sectors.