Baku: The presented tax burden is optimal and supports the development of the non-oil sector, said Finance Minister Sahil Babayev during the discussion of the draft law ‘On the state budget of the Republic of Azerbaijan for 2026’ in its second reading at today’s meeting of the Milli Majlis, APA reports.

According to Azeri-Press News Agency, the Minister noted that the share of tax revenues in the overall economy, in terms of gross domestic product (GDP), is 15.9 percent, which is less than 16 percent. He explained that this indicates a higher tax regime in the oil sector and a lower one in the non-oil sector. Consequently, Azerbaijan’s overall tax burden is only 15.9 percent. The Minister further elaborated that when compared to regions, post-Soviet countries, and developing countries, the ratio of the tax burden to GDP is generally between 19-23 percent. Thus, the tax burden in Azerbaijan, particularly for the non-oil sector, is deemed optimal and balanced, fostering the growth of the non-oil sector.