The execution of the 2025 state budget confirms that trends toward fiscal diversification strengthened significantly over the past year.
Operative Information Center-OMM reports that Vugar Bayramov, a member of the Milli Majlis (National Assembly) Committee on Economic Policy, Industry, and Entrepreneurship, made these remarks during the second reading of the draft law on "Execution of the 2025 State Budget" at the parliament's extraordinary session.
Bayramov noted that the non-oil and gas sector accounted for 20 billion 356 million manats, or 52% of the total budget. "As observed, the non-oil and gas sector holds a larger share of our budget revenues. In this context, a significant point is the increasing share of the non-oil and gas sector in our fiscal revenues. In 2025, tax authorities contributed 16 billion 335 million manats to the state budget, with 73.4%, or over 12 billion manats, coming from the non-oil and gas sector," he stated.
Furthermore, the MP highlighted that customs authorities contributed 6 billion 369 million manats to the budget in 2025. "Considering the experience of developed nations, the primary function of customs agencies should be strengthening economic security rather than solely focusing on fiscal targets. From this perspective, given the qualitative changes in Azerbaijan's economic ecosystem, a decrease in fiscal payments via customs should be understood as a positive development. Additionally, the state's expanded support and concessions for entrepreneurs directly impact these revenue figures," Bayramov added.
Azerbaijan has been actively pursuing a strategy to reduce its reliance on hydrocarbon exports, focusing on the development of the non-oil sector, including agriculture, tourism, and manufacturing. This fiscal diversification is a cornerstone of the country's long-term economic strategy, aimed at ensuring sustainable growth and resilience against global energy market volatility.
