BAKU, Azerbaijan, February 24. The State Agency
for Monitoring of State Enterprises under the Ministry of Finance
of Azerbaijan will begin monitoring the budgets, financial
forecasts, and performance indicators of state companies and public
legal entities starting in April, Trend reports via the Ministry of Finance of
the Republic of Azerbaijan.
Following a Presidential Decree issued on December 29, 2025, the
agency will analyze budget implementation and financial performance
based on data and reports submitted by state enterprises and public
legal entities. These submissions will follow the standardized
forms approved by the Ministry’s Collegium. Enterprises are
required to provide monthly and quarterly financial reports, annual
budget forecasts, and budget execution data through these
forms.
During monitoring, the agency will review enterprises’ budget
parameters and implementation, assess financial information by
sector and supervisory body, and evaluate expenditures by function
and type. Advanced assessment tools used by international financial
organizations will also be applied to measure efficiency and
identify fiscal risks that could affect other enterprises, state
finances, the state budget, off-budget state funds, or public
debt.
The Ministry of Finance will report the results of the
monitoring and analysis to the head of state every quarter.
The initiative aims to increase profitability, enhance
accounting and reporting standards, reduce reliance on state budget
resources, and proactively identify potential obligations for the
state budget and off-budget funds over the medium and long
term.
The text of the Collegium decision and the approved reporting
forms in Excel format have been published on the Ministry’s
official website for public access.
