BAKU, Azerbaijan, October 16.
Azerbaijan’s public capital investment is projected to rise by 400
million manat ($235.3 million), or 7.5%, from 5.3 billion manat
($3.1 billion) in 2027 to 5.7 billion manat ($3.4 billion) in
2030.


This was reflected in the Ministry of Finance’s
indicators of the draft state budget expenditures by function for
2027-2030.


In 2027, 8.9 billion manat ($5.2 billion), or 21% of
total state budget expenditures, is projected to be allocated to
economic activity, including 5.3 billion manat ($3.1 billion) for
public capital investment. This is higher than the approved 2026
figure.


By 2030, expenditures on economic activity are
expected to reach 9.1 billion manat ($5.4 billion), an increase of
219.1 million manat ($128.9 million), or about 2.5%, from 2027.


Public capital investment is projected to grow faster.
It is expected to reach 5.5 billion manat ($3.2 billion) in 2028,
5.6 billion manat ($3.3 billion) in 2029, and 5.7 billion manat
($3.4 billion) in 2030. A total of 22.1 billion manat ($13 billion)
is expected to be allocated for this purpose over the four
years.


Overall, state budget expenditures are projected at
42.4 billion manat ($24.9 billion) in 2027, 42.8 billion manat
($25.2 billion) in 2028, 43.49 billion manat ($25.6 billion) in
2029 and 44.2 billion manat ($26 billion) in 2030, an increase of
1.83 billion manat ($1.1 billion), or 4.3%, from 2027 through
2030.







According to the functional classification, the 8.9
billion manat allocated for economic activity in 2027 will exceed
defense and national security expenditures (8.8 billion manat, or
$5.18 billion) by 90.9 million manat ($53.5 million). It will also
exceed education spending (5.09 billion manat, or $3 billion) by
3.8 billion manat ($2.2 billion) and social protection and social
security spending (4.9 billion manat, or $2.9 billion) by 3.99
billion manat ($2.3 billion).


By economic classification, 26.4 billion manat ($15.5
billion), or 62.3% of state budget expenditures, is planned for
current expenditures in 2027, 13.8 billion manat ($8.1 billion), or
32.5%, for capital expenditures, and 2.2 billion manat ($1.3
billion), or 5.2%, for servicing public debt and liabilities.


Compared with the approved 2026 figures, current
expenditures will increase by 1.2 billion manat ($704.9 million),
or 4.8%. Capital expenditures are projected to decline by 244.4
million manat ($143.8 million), or 1.7%, while expenditures on
servicing public debt and liabilities are expected to decrease by
257.6 million manat ($151.5 million), or 10.5%.


The dollar equivalents are calculated at an exchange
rate of 1.7 manat per $1.