The share of non-oil revenues in the consolidated budget has reached 55.2%, Minister of Finance Sahil Babayev said during the discussion of the draft law “On the Execution of the 2025 State Budget” at today's plenary session of the Milli Majlis.
According to the minister, during the reporting period, fiscal discipline was maintained and the indicators of the budget rule were implemented within the upper limits: “In 2025, the ratio of the consolidated budget's non-oil base deficit to non-oil GDP amounted to 18.6%, which is 3.5 percentage points lower than the target indicator set at 22%. The share of non-oil revenues in the consolidated budget reached 55.2%, increasing by 2.8 percentage points compared to the previous year.”
Noting that positive dynamics in public debt management have been maintained, the minister said that as of June 1, 2026, public debt stood at AZN 24.1 billion, or 18.4% of GDP: “This indicator decreased by 11.9% compared to the beginning of the year. The average maturity of government bonds reaching 3.8 years and the increase in the share of 7- and 10-year bonds in the debt portfolio indicate an improvement in the quality of the portfolio.”
The minister also emphasized that the assets of the State Oil Fund had increased by USD 13.5 billion as of January 1, 2026, reaching USD 73.5 billion, which makes it possible to create a strong long-term buffer for macroeconomic stability and development.
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