Azerbaijan Prime Minister details national economic outlook during Cabinet meeting
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- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Azerbaijan's Cabinet of Ministers discussed the draft state and consolidated budgets for 2027. Prime Minister Ali Asadov stated that the country's strategic foreign currency reserves currently stand at approximately $91 billion. He noted that direct external public debt was $4.5 billion as of September 1, representing 5.6% of projected GDP.
From trend.az
Why it matters
As part of the outlook, Asadov reported that the foreign trade surplus exceeded $10 billion in the first eight months of 2026. Annual inflation was 5.7% during that same period, but is projected to fall to 5.3% next year. The average annual growth rate of the non-oil and gas sector is projected at 5.1%.
From trend.az
Who's involved
- AzerbaijanThe geopolitical state whose economic indicators were discussed.
- Cabinet of MinistersThe executive body responsible for implementing state policy and managing national affairs.
- Ali AsadovThe Prime Minister who presented the economic status and forecasts.
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The entities involved
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Azerbaijan
country in the Caucasus in Eastern Europe and Western Asia
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Cabinet of Ministers
Turkmen government
Related events
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- Reforms ensured sustainable development of non-oil sector in Azerbaijan.
- The Asian Development Bank published outlook reports concerning the economy of Azerbaijan.