Azerbaijan Boosts National Security Through Massive Investment In Defense

2025-10-22 08:04:19

(MENAFN- Trend News Agency) BAKU, Azerbaijan, October 22. Azerbaijan allocated up to 58 billion manat ($34.1 billion) from the state budget for defense spending from 2005 through 2025, the country's Deputy Minister of Finance Azer Bayramov said, Trend reports.

Speaking at a scientific-practical conference on“Economic Foundations of State Sovereignty and Economic Independence,” dedicated to the“Year of Constitution and Sovereignty,” held at the Parliament Committee on Economic Policy, Industry, and Entrepreneurship, Bayramov articulated that the financial allocations were strategically channeled towards augmenting national security and defense infrastructures, in addition to bolstering the nation's material and technical frameworks.

During this timeframe, the fiscal appropriation for defense escalated by a factor of 29, culminating in a total of 8.4 billion manat ($4.9 billion).

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