AZN in the spotlight: latest news

In 2026, Azerbaijan's property tax revenues are expected to reach 376 million manat ($221.8 million), with 276 million manat ($162.8 million) specifically coming from non-oil and gas sources.

Azerbaijan anticipates that value-added tax revenues from imported goods will reach 4.75 billion manat ($2.8 billion) in 2026, an increase of 182 million manat ($107 million) compared to 2025.

Azerbaijan's fixed capital investments are estimated to reach 22.6 billion manat ($13.3 billion) in 2025, with an increase to 24.6 billion manat ($14.5 billion) expected by 2026.

Azerbaijan's total public debt stands at around 25 billion manats, and forecasts suggest that this level will remain stable through the end of the fiscal year. Initial payments on the newly issued domestic bonds are expected to begin in 2027.

Azerbaijan's GDP is anticipated to reach 134.1 billion manat ($78.4 billion) by 2026, reflecting a growth rate of 2.9 percent. The country expects oil and gas production to total 32.4 billion manat during this period.

Azerbaijan's Economy Minister Mikayil Jabbarov announced that the country's GDP per capita is expected to hit $9,140 by 2029 during a session of the Parliamentary Committee.

Azerbaijan anticipates a structural shift in its economy, with a projected 2.4% real decline in GDP from the oil and gas sector, alongside a 5% growth in the non-oil sector by 2026.

Azerbaijan's budget for 2026 projects a modest decline in excise tax revenues compared to 2025, primarily due to decreased collections from the oil sector, while non-oil revenues are expected to remain stable.

Azerbaijan's tax revenues for 2026 are expected to reach 21.391 billion manat (approximately $12.52 billion), reflecting a 6.1 percent increase from 2024. This growth will enhance their contribution to the overall state budget.

Azerbaijan's GDP has reached 95.229 billion manat ($55.7 billion) as of September, accounting for 73.3 percent of the annual forecast. The country's GDP is projected to grow by 3 percent by the end of 2025, with expectations to maintain its non-oil and gas GDP within the targeted range.

A prominent astrologer has predicted that Azerbaijan will see a wave of arrests in November, including some that will be particularly sensational. This forecast was reported by Modern.az.

The weather forecast for November 2 in Baku and the Absheron Peninsula indicates partially cloudy skies, with periods of overcast conditions and a possibility of rain in certain areas by evening.

Azerbaijan's GDP is expected to increase by approximately 3 percent in 2026, reaching an estimated 134 billion manat, with significant contributions from the non-oil and gas sector.

Azerbaijan is considering a reduction in expenditures from the State Oil Fund of Azerbaijan (SOFAZ) in its upcoming budget. The total state budget revenues for the next year are estimated to be around 45 billion manat, while expenditures are anticipated to be approximately 49 billion manat.

In 2026, Azerbaijan plans to increase its pension expenditures to 7.99 billion manat (approximately $4.72 billion). The draft state budget indicates a 10.85 percent rise in the average pension amount.

Azerbaijan's budget forecast for 2026 anticipates a 2 percent decline in the real GDP of the oil and gas sector, based on an expected price of $65 per barrel for Azeri Light oil.

Azerbaijan has announced projections for the next fiscal year, estimating local revenues and expenditures at 760 million manat each, with an emphasis on environmental initiatives.

In 2026, Azerbaijan anticipates that benefits from mandatory state social insurance contributions will reach 203.57 million manat, equivalent to $120.14 million. This figure represents a 2.60 percent increase compared to previous estimates.