Azerbaijan plans 12.4% increase in science funding for 2027

Namig Huseynov
Author

Azerbaijan plans to allocate 257.9 million manats ($151.71 million), or 0.6% of state budget expenditure, to science in 2027.

Report informs, citing the draft law on the 2027 state budget, that the allocation is 12.4% higher than the approved forecast for 2026.

Next year's budget revenue is expected to total 39.254 billion manats ($23.09 billion), while expenditure is projected at 42.4 billion manats ($24.94 billion).

Other News

EDB becomes co-founder of private equity fund for Central Asia, South Caucasus 23 October, 2026 / 17:03
Azerbaijan, Uzbekistan exchange experience in financial sector 23 October, 2026 / 14:50
Vugar Bayramov: Over last 6 years, GDP of Azerbaijan's Karabakh region grown fourfold 23 October, 2026 / 13:35
Subsidies to Azerbaijan's Nakhchivan to be reduced 6.4% in 2027 23 October, 2026 / 10:29
Azerbaijan to double upper limit for state guarantees 23 October, 2026 / 10:24
Azerbaijan to allocate over $240M to reserve funds in 2027 23 October, 2026 / 10:22
Azerbaijan plans 22.2% rise in health insurance fund allocations in 2027 23 October, 2026 / 10:05
Azerbaijan's consolidated budget deficit upper limit for 2027 down 4.9% 23 October, 2026 / 09:56
All 67 Azerbaijani cities and districts to cover own spending in 2027 23 October, 2026 / 09:48
Azerbaijan's draft 2027 state budget submitted to parliament 23 October, 2026 / 09:23
CBA currency exchange rates (23.10.2026) 23 October, 2026 / 09:20
Key indicators of world commodity, stock, and currency markets (23.10.2026) 23 October, 2026 / 09:09
Azerbaijan extends tax incentives for tech park residents to 20 years 22 October, 2026 / 21:31
ING: Azerbaijan's nominal GDP to exceed $81B by 2026 22 October, 2026 / 16:36
ING releases forecast for Azerbaijan's current account surplus through 2029 22 October, 2026 / 16:26
ING Group evaluates outlook for Azerbaijan's sovereign debt for 2026–2028 22 October, 2026 / 16:09
ING: Central Bank of Azerbaijan's forex reserves to reach $18.6B by 2026 22 October, 2026 / 15:59
ING: Non-oil sector to remain primary engine of Azerbaijan's economy in 2026–2028 22 October, 2026 / 15:56
ING: Azerbaijan's foreign trade surplus to exceed $11B in 2026 22 October, 2026 / 15:54
ING lowers inflation forecast for Azerbaijan for 2027 22 October, 2026 / 15:52