Azerbaijan’s state budget revenues exceeded expenditures by 3 billion 963.6 million manat in January-September 2026, the Finance Ministry has reported. Capital spending fell sharply even as current expenditures rose.
According to Azerbaijan’s Finance Ministry, state budget revenues reached 29 billion 311.8 million manat in the reporting period, while expenditures totaled 25 billion 348.2 million manat. Revenues exceeded the approved forecast by 787.4 million manat, or 2.8%, while expenditures rose by 680 million manat (2.8%) compared with the same period of 2025.
The internal structure of budget spending showed opposing trends. Capital expenditures fell to 7 billion 284.7 million manat in the first nine months of the year, down 820.3 million manat (10.1%) from a year earlier.
By contrast, current expenditures climbed by 1 billion 567.3 million manat (10.4%) to reach 16 billion 613.7 million manat. As a result, the share of current spending in total budget expenditures rose to 65.6%, while the share of capital spending fell to 28.7%.
For comparison, in the same period of 2025 current expenditures accounted for roughly 61% of the total and capital expenditures for 32.9%. Over the year, the share of current spending thus rose by about 4.6 percentage points, while the share of capital spending dropped by 4.2 percentage points.
Figures for the consolidated budget were also released: consolidated budget revenues stood at 36 billion 730.4 million manat in the reporting period, against expenditures of 30 billion 89.9 million manat. This left the consolidated budget with a surplus of 6 billion 640.5 million manat.
