In 2024, Azerbaijan allocated 4.55 billion manats (approximately $2.68 billion) from the state budget to education, Report informs, citing the bill "On the Execution of the State Budget for 2024."
According to the document, a total of 4.39 billion manats (about $2.58 billion) was utilized based on the requests of relevant government bodies. This figure is 160.3 million manats (around $94.3 million) or 3.5% below the projected amount, but 265.2 million manats (approximately $156 million) or 6.4% higher than the corresponding figure in 2023.
In the reporting year, education expenditures accounted for 3.5% of Azerbaijan's GDP, representing a 0.1 percentage point increase compared to 2023. The sector also comprised 11.6% of total state budget spending, up 0.3 percentage points from the previous year.