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Azerbaijan's non-oil budget revenues rise nearly 7% in first half of 2026

27 July 2026 11:04 (UTC +04:00)

During the January–June period of this year, non-oil and gas sector revenues accounted for 57.3% of total state budget revenues—5.4 percentage points higher than in the corresponding period of 2025—amounting to 10.981 billion manats, APA-Economics reports, citing the Ministry of Finance.

This was 329.1 million manats, or 3.1%, above the forecast and 703.8 million manats, or 6.8%, higher than in the same period of 2025.

In January–June of the current year, non-oil and gas revenues in the state budget consisted of:

7.0645 billion manats (64.3%) from tax authorities;

3.1436 billion manats (28.6%) from customs authorities;

350.7 million manats (3.2%) from paid services provided by state budget-funded organizations;

394 million manats (3.6%) from other revenues; and

28.2 million manats (0.3%) from the lease of state property.

In addition, oil and gas sector revenues totaled 8.1982 billion manats, exceeding the forecast by 21.2 million manats, or 0.3%.

During the first six months of 2026, of the state budget's oil and gas revenues:

1.7782 billion manats (21.7%) came from tax authority collections; and

6.420 billion manats (78.3%) from transfers from the State Oil Fund of the Republic of Azerbaijan (SOFAZ) to the state budget.

Of the oil and gas revenues collected by the tax authorities:

843.5 million manats (47.4%) came from taxes paid by the State Oil Company of the Republic of Azerbaijan (SOCAR);

730.4 million manats (41.1%) from profit tax on the Shah Deniz field; and

204.3 million manats (11.5%) from the profit tax of the Azerbaijan International Operating Company (AIOC).

Azerbaijan state budget non-oil sector oil and gas sector budget revenues Ministry of Finance APA-Economics SOFAZ SOCAR Shah Deniz AIOC tax revenues customs revenues economy public finance