Baku:Social spending in Azerbaijan is set to increase by AZN 1.6 billion in 2027, as announced by Finance Minister Sahil Babayev during a joint meeting of several Milli Majlis committees, including Legal Policy and State Building; Defense, Security and Combating Corruption; Human Rights; and Regional Affairs.

According to Azeri-Press news agency, the minister explained that the planned increase represents a 9.2% rise in social spending compared to 2026. Over the five-year period from 2023 to 2027, social spending is expected to rise by 30%, amounting to an additional AZN 4 billion.

Minister Babayev highlighted that social protection and social security expenditures in the state budget for the next year are forecasted at AZN 4.9 billion, which is approximately 8% or AZN 360 million more than in 2025. Additionally, social security expenditures in the consolidated budget are expected to reach AZN 12.9 billion in 2027, marking an increase of 21% or AZN 2.2 billion compared to 2025. Over the 2023-2027 period, these expenditures are projected to increase by AZN 3.8 billion, or 42%.