Azerbaijan 2027 budget boosts wage spending 16%
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Azerbaijan’s 2027 budget bill raises wage spending by 16%
Finance & Banking

Azerbaijan’s 2027 budget bill raises wage spending by 16%

Azerbaijan’s draft state budget for 2027 allocates 11.891 billion manats for wage expenditures, 16% more than this year’s figure. The draft law also sets out spending for grants, social payments and other budget categories.

According to the draft law on the state budget for 2027, wage expenditures are planned at 11 billion 891.3 million manats. The document also lays out specific figures for other spending categories of the budget.

Grants and other types of payments are set at 3 billion 409.1 million manats, up 3.1% from this year’s figure. Social payments will amount to 3 billion 462 million manats, a 0.7% increase compared with this year.

The draft also provides for 59.1 million manats in state-funded compulsory personal insurance. In addition, 12 billion 797.2 million manats is earmarked for the acquisition of non-financial assets, while operations involving financial assets will account for 1 billion 2.8 million manats.

Spending on operations related to liabilities stands at 1 billion 200.7 million manats, marking an 11.5% increase over this year.

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