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Azerbaijan’s 2025 budget puts social welfare and reconstruction at forefront [COMMENTARY]

1 December 2024 09:00 (UTC+04:00)
Azerbaijan’s 2025 budget puts social welfare and reconstruction at forefront [COMMENTARY]
Akbar Novruz
Akbar Novruz
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As the Milli Majlis continues discussions on Azerbaijan’s 2025 state budget, key projections reveal promising economic growth paired with increased social investments. Revenues are set to rise by 5.3% to 38.3 billion manats, with expenditures increasing 4.1% to 41.4 billion manats, marking a 9% reduction in the budget deficit. GDP per capita is expected to grow from $7,412 in 2025 to $8,522 by 2028, signaling a steady upward trajectory.

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