Baku:Finance Minister Sahil Babayev announced that the country's dependence on oil is continuing to decline. He made these remarks during a joint meeting of the Milli Majlis committees on Legal Policy and State Building; Defense, Security and Combating Corruption; Human Rights; and Regional Affairs.

According to Azeri-Press news agency, Minister Babayev reported that the ratio of current expenditures covered by non-oil revenues has reached 90.1%. This marks an increase of 2.1 percentage points compared to 2026, with a target to achieve 100% by 2030.

The minister also mentioned that the share of non-oil revenues in the consolidated budget is currently 64.5%, which is 1.5 percentage points higher than in 2026. The goal is to raise this figure to 70.4% by 2030.