Baku:Azerbaijan's Prime Minister Ali Asadov announced a projected real growth rate of 4.4 percent for the non-oil GDP in 2027. This forecast was shared during discussions at the Cabinet of Ministers.

According to Azerbaijan State News Agency, The economic forecasts and budget calculations for 2027-2030 are based on an oil price of $65 per barrel under the baseline scenario to ensure macroeconomic stability and sustainability.

State budget revenues for 2027 are expected to reach 39.234 billion manats, with expenditures anticipated at 42.4 billion manats. The Prime Minister stated that the state budget deficit is projected to be 2.2 percent of GDP.

The gross domestic product is forecast to grow by 2.7 percent, reaching 141.0 billion manats in 2027. The share of the non-oil sector in GDP is aimed to rise from the expected 72.5 percent at the end of this year to 82 percent by 2030.