Baku:In 2027, Azerbaijan plans to allocate AZN 700 million from its capital expenditures to finance projects through loans obtained from abroad. This initiative is part of the state budget package of the Republic of Azerbaijan, which has been submitted for review by the Economic Policy, Industry and Entrepreneurship Committee of the Milli Majlis.
According to Azeri-Press news agency, next year's budget also includes a provision of AZN 709 million for special-purpose projects. Additionally, AZN 150 million will be allocated for Azerbaijan's contributions to the authorized capital of international investment and development funds where the country is a co-founder. Furthermore, AZN 41 million is earmarked for tourism development.
Overall, the budget outlines a total of AZN 2 billion 466 million to be directed toward various initiatives, including construction, restoration, reconstruction, major repairs, and capital purchases, as well as other projects by organizations that are budget-financed and receive financial assistance.