Baku: The reason for the decrease in subsidies from the state budget to the Nakhchivan Autonomous Republic has been revealed, APA reports. Minister of Finance of Azerbaijan, Sahil Babayev, explained the situation during the discussion of the draft law ‘On the State Budget of the Republic of Azerbaijan for 2026’ at the session of the Milli Majlis (Azerbaijani Parliament) Committee on Economic Policy, Industry, and Entrepreneurship.

According to Azeri-Press News Agency, Sahil Babayev stated that next year, the revenues of the Nakhchivan Autonomous Republic are expected to increase by 52 million manats, or 24%, while expenditures will decrease by 22 million manats. As a result, the amount of subsidies allocated to Nakhchivan has decreased by 74 million manats. Babayev attributed this change to the reforms implemented in the Nakhchivan Autonomous Republic.