Baku: Macroeconomic stability prevails in Azerbaijan amid continued uncertainty in the world economy, stated Economy Minister Mikayil Jabbarov during the discussion of the draft law ‘On the State Budget of the Republic of Azerbaijan for 2026’ at the meeting of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship.

According to Azeri-Press News Agency, the Economy Minister emphasized that the financial sustainability of the state budget is further strengthened. He highlighted that these processes have been further accelerated by the agreements reached between Azerbaijan and Armenia in the United States on August 8. Jabbarov noted that turning the emerging new opportunities into economic opportunities is one of the challenges ahead.

He further explained that internal and external factors were taken into account when preparing the budget draft. It is predicted that the negative impacts on the global economy will be lower than expected, and global economic growth will increase as a result of the restructuring of trade chains. At the same time, some uncertainties in the world economy are being eliminated. The Azerbaijani economy has been demonstrating stability in recent years.