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Azerbaijan’s Economic Council holds meeting to review budget forecasts and economic priorities

13 September 2025 16:50 (UTC +04:00)

The Economic Council of Azerbaijan held another meeting on September 12–13, chaired by Prime Minister Ali Asadov, Chairman of the Council, the Press Service of the Cabinet of Ministers told APA.

The agenda covered draft projections for the state and consolidated budgets for 2026, indicators for the consolidated budget for the following three years, global economic trends, key assumptions used in budget forecasts, the current economic situation and updated macroeconomic forecasts for 2025–2029. The main goals, directions, and targets of budget policy for 2026–2029 were also reviewed.

Participants discussed the financing of reconstruction and restoration in Karabakh and East Zangezur, the implementation of the Great Return Program, the Medium-Term Expenditure Framework, the application of result-based budgeting mechanisms, target indicators for budget rule parameters, as well as the current situation and policy directions in the field of macroeconomic and financial stability.

Presentations were delivered by Minister of Economy Mikayil Jabbarov, Minister of Finance Sahil Babayev, Governor of the Central Bank Taleh Kazimov, and Minister of Labor and Social Protection of the Population Anar Aliyev. Members of the Council held detailed discussions on the issues presented.

At the conclusion of the meeting, relevant institutions were instructed to submit all documents and information included in the 2026 budget package, taking into account the opinions and proposals of Council members, to the Cabinet of Ministers for submission to the President of the Republic of Azerbaijan.