BAKU, Azerbaijan, August 18. Azerbaijan’s state
budget deficit is expected to reach $881 million (AZN 1.4976
billion) by the end of 2026, the Finance Ministry said.
The deficit is expected to be financed through funds raised from
domestic borrowing, the available balance in the single treasury
account and remaining funds in earmarked budget funds, the ministry
said.
The budget deficit is expected to equal 1.1% of gross domestic
product (GDP) projected for the end of the year.
Meanwhile, the consolidated budget’s non-oil primary deficit is
expected to reach 17.5% of non-oil GDP by year-end, compared with a
forecast of 18.8% for 2026, based on current expectations, the
ministry said.
State budget revenues are expected to total $23.16 billion (AZN
39.365 billion) in 2026.
Of total revenues, 43.4%, or $10.05 billion (AZN 17.085
billion), is expected to come from the oil and gas sector, while
56.6%, or $13.11 billion (AZN 22.28 billion), is projected to come
from the non-oil and gas sector.
State budget expenditures are expected to reach $24.04 billion
(AZN 40.8626 billion), down 2.0% from the approved figure.
The figures indicate that Azerbaijan’s 2026 budget remains
heavily reliant on oil and gas revenues, although non-oil and gas
sources are expected to account for the larger share of total
budget revenues.
