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Azerbaijan Prime Minister details national economic outlook during Cabinet meeting

2 reports, 1 independent Updated Thu 00:00
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What happened

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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

Some supportBrind's analysis of the reports

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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