Social

Home page

Social

Sahil Babayev: Social spending to increase by AZN 1.6 billion next year

11 November 2026 11:45 (UTC +04:00)

Social spending will increase by AZN 1.6 billion in 2027, Finance Minister Sahil Babayev said at a joint meeting of the Milli Majlis committees on Legal Policy and State Building; Defense, Security and Combating Corruption; Human Rights; and Regional Affairs, APA reports.

The minister stated that social spending will increase by 9.2%, or AZN 1.6 billion, in 2027 compared to 2026.

"A 30% increase in social spending is envisaged over the five-year period covering 2023–2027. In absolute terms, this means an additional AZN 4 billion in expenditures. Social protection and social security expenditures in the state budget for next year are projected at AZN 4.9 billion. This is approximately 8%, or AZN 360 million, more than in 2025. Social security expenditures in the consolidated budget are expected to reach AZN 12.9 billion in 2027. This represents an increase of 21%, or AZN 2.2 billion, compared to 2025. Social security expenditures in the consolidated budget are projected to increase by AZN 3.8 billion, or 42%, over the 2023–2027 period," he said.

Firuza Vahid

Azerbaijan Sahil Babayev Finance Ministry social spending social protection social security state budget consolidated budget 2027 budget government expenditures Milli Majlis public finance