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Saturday November 22 2025

Baku leans on fiscal discipline to power post-hydrocarbon transition

22 November 2025 15:01 (UTC+04:00)
Baku leans on fiscal discipline to power post-hydrocarbon transition
Qabil Ashirov
Qabil Ashirov
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For years, Azerbaijan’s economic narrative has resembled a familiar commodity-state arc: strong growth when oil prices rise, inevitable tightening when they fall, and a policy debate perpetually circling around how to diversify—yet rarely delivering one. That script may now be changing. And unlike earlier cycles marked by political declarations and modest reforms, today’s transformation is increasingly visible where it matters most: in the data.

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