Azerbaijan parliament approves state budget for 2025 in third reading

The bill on the state budget for 2025 was discussed at today's plenary session of the Milli Majlis and approved in the third reading.

Report informs that in 2025, state budget revenues are expected to be nearly 38.36 billion manats ($22.56 billion), up 5.4% more compared to the approved forecast for 2024, while expenditures are expected to be 41.4 billion manats ($(24.35 billion), which marks a 4.2% growth.

The budget is expected to have a deficit of 3.05 billion manats ($1.79 billion) or 2.36% of GDP. The budget deficit in 2025 is 9% less compared to the previous year.