Azerbaijan plans to allocate 150 million manat ($88.2 million) to international investment and development funds in 2027, according to the Chamber of Accounts' assessment of the country's draft state budget.
The funding would cover Azerbaijan's share of the charter capital of funds it helped establish, forming part of broader capital investment expenditure outside the State Investment Programme.
The budget proposals also prioritise infrastructure, reconstruction and social projects, while the Chamber of Accounts has raised concerns about limited project-level information and its impact on spending transparency.
The Chamber of Accounts identifies 3.8 billion manat ($2.24 billion) in proposed capital allocations outside the State Investment Programme.
The largest allocation, 2.466 billion manat ($1.45 billion), is intended for construction, restoration, reconstruction, major repairs, capital purchases and other projects carried out by publicly funded or financially supported organisations.
A further 709 million manat ($417.1 million) is earmarked for special-purpose projects, while 434 million manat ($255.3 million) would finance reconstruction of the Heydar Aliyev Oil Refinery.
Tourism development is allocated 41 million manat ($24.1 million), alongside the 150 million manat ($88.2 million) contribution to international investment and development funds.
Separately, the draft State Investment Programme provides for 5.3 billion manat ($3.12 billion) in 2027 expenditure, including 3.4 billion manat ($2 billion) for reconstruction and restoration in territories previously under occupation.
Infrastructure projects account for the largest share of the programme, with 3.197 billion manat ($1.88 billion), or 60.3 per cent of planned expenditure.
Social projects are allocated 1.725 billion manat ($1.01 billion), representing 32.6 per cent.
Defence and law enforcement projects are assigned 281.4 million manat ($165.5 million), while another 96.4 million manat ($56.7 million) is planned for other projects.
The figures indicate that infrastructure and social development will absorb most of the planned programme expenditure, reflecting the government's continued emphasis on capital-intensive projects.
The Chamber of Accounts' medium-term projections show State Investment Programme expenditure increasing from 5.3 billion manat ($3.12 billion) in 2027 to 5.7 billion manat ($3.35 billion) in 2030.
Within that programme, funding for reconstruction and restoration in territories previously under occupation is projected to decline from 3.4 billion manat ($2 billion) to 3.2 billion manat ($1.88 billion) over the same period.
Other state capital investment expenditure, however, is expected to rise from 1.9 billion manat ($1.12 billion) in 2027 to 2.5 billion manat ($1.47 billion) in 2030.
The forecasts suggest a gradual shift in the composition of public investment, with spending outside the reconstruction programme taking a larger role.
Despite outlining the government's investment priorities, the Chamber of Accounts noted that insufficient information on individual projects limits its ability to compare allocations with previous years.
The absence of detailed project-level data also restricts a broader assessment of expenditure, the report said.
The proposed allocations remain part of the draft 2027 budget and should not be treated as approved spending or funds already disbursed.
The final distribution and implementation of the investment programme will depend on the approved budget and subsequent expenditure decisions.
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