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Azerbaijan Foresees Significant Non-Oil GDP Growth In 2026
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 9. A real GDP
growth rate for the non-oil sector in Azerbaijan is projected to
equal 5% according to macroeconomic forecasts, Prime Minister Ali
Asadov said during the discussion of draft laws within the 2026
state budget envelope at today's plenary session of the parliament,
Trend reports.
According to him, next year, the consolidated budget's revenues are projected at approximately 45 billion manat ($26 billion), while expenditures are expected to reach 48.8 billion manat ($28 billion).
The prime minister noted that the ratio of the consolidated budget deficit to GDP is 2.9%.
"Except for oil and gas production, all sectors of the country's economy are forecast to grow," he added.
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