BAKU, Azerbaijan, October 16. Azerbaijan is
projected to allocate 13.2 billion manat ($7.7 billion) for the
reconstruction and restoration of its liberated territories in
2027-2030.
The forecast is outlined in the Medium-Term Expenditure
Framework prepared by the Ministry of Finance for the next four
years.
According to the document, the allocation will account for 24.1%
of the state budget's capital expenditure.
The document states that the 2027 state budget's capital
expenditure will finance several strategically important measures
and government programs.
These include projects under the Strategy for the Socio-Economic
Development of the Republic of Azerbaijan for 2027-2030, the
National Strategy for the Efficient Use of Water Resources, the
State Program for the Socio-Economic Development of the Nakhchivan
Autonomous Republic for 2023-2027, and the State Program for
Improving Transport Infrastructure in Baku and Surrounding Areas
for 2025-2030.
A significant share of state budget capital expenditure over the
medium term is also expected to go toward implementing the Great
Return Program and strengthening the country's defense capabilities
and security.
The forecast for reconstruction and restoration spending in the
liberated territories also takes into account the draft second
phase of the Great Return Plan.
