OMM Newsroom
Azerbaijan plans to allocate 150 million manat ($88.2 million) to international investment and development funds in 2027. The figure is included in the Chamber of Accounts’ assessment of the country’s draft state budget, AnewZ reports.
The funds are intended to cover Azerbaijan’s share of the charter capital of funds it helped establish. The allocation forms part of capital investment outside the State Investment Program.
Allocations outside the State Investment Program
The Chamber of Accounts’ assessment proposes allocating a total of 3.8 billion manat ($2.24 billion) for capital investment outside the State Investment Program.
The largest amount — 2.466 billion manat ($1.45 billion) — will go to construction, restoration, reconstruction, major repairs, capital purchases and other projects carried out by organizations funded or supported by the state budget.
The draft earmarks 709 million manat ($417.1 million) for special-purpose projects and 434 million manat ($255.3 million) for the reconstruction of the Heydar Aliyev Oil Refinery. It proposes allocating 41 million manat ($24.1 million) for tourism development and 150 million manat ($88.2 million) to international investment and development funds.
Infrastructure and reconstruction account for the largest share
Spending under the State Investment Program is projected to total 5.3 billion manat ($3.12 billion) in 2027. Of that amount, 3.4 billion manat ($2 billion) will be allocated to reconstruction and restoration in formerly occupied territories.
Infrastructure accounts for the largest share of the program, with 3.197 billion manat ($1.88 billion), or 60.3% of planned spending, allocated to the sector. The draft also provides for 1.725 billion manat ($1.01 billion) for social projects, 281.4 million manat ($165.5 million) for defense and law enforcement projects, and 96.4 million manat ($56.7 million) for other projects.
According to the Chamber’s medium-term forecasts, State Investment Program spending will rise from 5.3 billion manat ($3.12 billion) in 2027 to 5.7 billion manat ($3.35 billion) in 2030.
Over the same period, funding under the program for reconstruction and restoration in formerly occupied territories is projected to fall from 3.4 billion manat ($2 billion) to 3.2 billion manat ($1.88 billion). Spending on other areas of state capital investment is expected to increase from 1.9 billion manat ($1.12 billion) in 2027 to 2.5 billion manat ($1.47 billion) in 2030.
The Chamber of Accounts said insufficient information on individual projects limits comparisons of allocations with previous years. The report said the absence of detailed project data also prevents a broader assessment of spending.
The proposed allocations are part of the 2027 draft budget and should not be treated as approved spending or funds already paid. The final distribution and implementation of the investment program will depend on the approved budget and subsequent spending decisions.
