BAKU, Azerbaijan, October 1. The draft state
and consolidated budgets for 2027 were discussed at a meeting with
members of the Public Council under Azerbaijan’s Ministry of
Finance on October 1.
This was reflected in a statement by the Ministry of
Finance.
During the meeting, Deputy Finance Minister Himalay Mammadov
briefed the participants on preparations for the 2027 state and
consolidated budgets, measures being implemented under the budget
calendar, and medium-term budget projections covering the next
three years.
The meeting noted that the 2027 draft state and consolidated
budgets, three-year consolidated budget projections, and other
budget-package documents were submitted by the Ministry of Finance
to the Cabinet of Ministers. Then, the document titled "Statement
on the preliminary indicators of the state and consolidated budgets
for 2027" has been posted on the Ministry of Finance's official
website and presented to the public.
During the meeting, it was announced that the drafts were
discussed and approved at a Cabinet meeting last week, with a
decision made to submit them to the President in accordance with
the next stage of the legally established budget process.
The meeting also highlighted that, according to the initial
projections, 2027 state budget revenues will total 39.23 billion
manat ($23.06 billion), and the expenditures will be 42.4 billion
manat ($24.93 billion).
The deputy minister said that, taking into account current
global and regional development trends, directives from the Head of
State, and tasks stemming from various strategies and state
programs, the main priorities for the state budget in the coming
year will include supporting sustainable and high economic growth,
strengthening the country's defense capabilities, continuing
reconstruction, restoration, and resettlement efforts in the
liberated territories, implementing established priorities for
digital development; ensuring social protection and the well-being
of the population, maintaining state budget financial support for
the economy, securing funding for protected expenditures, financing
state programs and measures; and ensuring environmental protection
and "green growth."
Furthermore, the meeting noted that revenue-related measures to
be implemented in the coming year will focus on stimulating
economic activity and entrepreneurship, further improving the
investment climate, and strengthening the country's
competitiveness.
During the meeting, it was emphasized that strengthening
transparency and public accountability in public finance
management, as well as presenting budget information to citizens in
a simple, clear, and understandable format, are key priorities in
the ministry's operations.
The meeting pointed out that while in previous years the
Ministry of Finance primarily prepared and released a "Citizen's
Budget Guide" regarding the approved state budget, starting this
year, it has also begun preparing and publishing guides for
citizens on the execution of both the state and consolidated
budgets. Additionally, an "Electronic Budget Guide" portal has been
launched to establish a unified budget information database and
expand the use of digital solutions in budget processes. These
approaches serve to increase the accessibility of budget
information, raise public awareness regarding public finance
management processes, and strengthen public participation.
During the meeting, , the Public Council Chairperson Ingilab
Ahmadov and other council members commended the preparation of
preliminary budget figures for 2027 and the subsequent medium-term
period, noting that the process took into account the efficient and
targeted use of financial resources, the preservation of
socio-economic stability, and the realization of strategic
development goals.
The council members stressed the importance of measures recently
implemented by the Ministry of Finance to enhance transparency and
accessibility regarding budget data, particularly highlighting the
significance attached to cooperation with civil society
institutions.
In addition, the meeting held an exchange of views regarding the
efficient organization of the Public Council's activities, the
openness of the budget process to public discussion, and the
further development of cooperation with civil society institutions
in the field of public finance management.
