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Minister: Strong fiscal reserves in Azerbaijan support infrastructure modernization and investment process

Mikayil Jabbarov, Azerbaijan’s Minister of Economy

17 June 2026 15:10 (UTC +04:00)

Macroeconomic and macrofiscal stability has been ensured in Azerbaijan for a long time, Economy Minister Mikayil Jabbarov said during a dialogue organized within the framework of the Annual Meetings of the Islamic Development Bank in Baku, APA-Economics reports.

"However, when looking at absolute and relative indicators, the fact that the scale of accumulated fiscal reserves exceeds the country's GDP has enabled us to implement the modernization phase of national infrastructure relatively comfortably. At the same time, investments in the liberated territories have continued. For reference, these investments amount to approximately 3% of the country's GDP. This has been carried out without abandoning other development priorities," the minister noted.

He added that this large macro reserve and the quality of fiscal management make it possible to take bolder steps in investments with longer-term returns.

Mikayil Jabbarov Azerbaijan economy macroeconomic stability macrofiscal stability fiscal reserves GDP infrastructure modernization liberated territories investments economic development fiscal management Islamic Development Bank IsDB Baku Annual Meetings national infrastructure economic policy finance development priorities