Azerbaijan aims to fund all operational spending from non-oil revenues by 2030

Azerbaijan is steadily curbing its reliance on hydrocarbon windfalls, with non-oil revenues projected to fully finance recurring state spending by 2030, Finance Minister Sahil Babayev told lawmakers during parliamentary budget sessions, news agency APA reported.

Babayev said that domestic non-oil budget receipts currently cover 90.1% of the government's operational expenditures, representing a 2.1-percentage-point gain over 2026 levels. The cabinet's fiscal objective is to lift this coverage ratio to 100% by the end of the decade.

The share of non-oil income across the broader consolidated budget reached 64.5%, up 1.5 percentage points from 2026. The government plans to increase the non-oil contribution in the consolidated fiscal framework to 70.4% by 2030.