The Azerbaijani government has announced its proposed 2025 state budget, prioritizing socio-economic development, national security, and post-conflict reconstruction in line with the directives of President Ilham Aliyev.
The Azerbaijani government has announced its proposed 2025 state budget, prioritizing socio-economic development, national security, and post-conflict reconstruction in line with the directives of President Ilham Aliyev. The budget also aligns with the nation's Strategy for Socio-Economic Development (2022-2026), emphasizing rebuilding efforts in Karabakh and Eastern Zangezur, reintegrating liberated territories, and facilitating the safe return of displaced persons.
Finance Minister Samir Sharifov presented the budget plan to the Azerbaijani Parliament on November 25, highlighting its total projected expenditures of 41.4 billion manat ($24.3 billion). Of this amount, 27.7 billion manat ($16.2 billion), or two-thirds, will be directed toward key national priorities.
Sharifov noted that 4 million manat ($2.3 million), representing 9.7 percent of the total budget expenditures, is allocated to the First State Program for the Great Return. This funding will focus on developing residential areas and villages in liberated territories as part of ongoing reconstruction efforts.
A significant portion of the budget—8.4 billion manat ($4.9 billion), or 20.3 percent—is earmarked for enhancing the country’s military capabilities and modernizing its defense sector. This figure marks a 17.8 percent increase from the 2024 forecast and a substantial 43.4 percent rise compared to 2023, underscoring Azerbaijan's commitment to strengthening its national security infrastructure.
"The proposed budget reflects Azerbaijan's dedication to achieving its strategic goals, ensuring stability, and fostering sustainable development," Sharifov stated in his address.
Romania is looking to deepen its energy partnership with Azerbaijan, including potential future negotiations on gas supplies, as part of a broader push to enhance regional energy security through infrastructure projects and cooperation, a senior Romanian official said ahead of Baku Energy Week.
As peace talks progress, voices from Yerevan, Tbilisi, and Baku reveal hopes, concerns, and expectations for a future shaped by trade, trust, and generational change in the South Caucasus.
Political dialogue between Azerbaijan and Croatia creates a strong foundation for expanding cooperation in various fields.
President Ilham Aliyev met Michael Harms, Chairman of the Eastern Committee of the German Economy, to discuss expanding Azerbaijan-Germany economic relations and the signing of a joint economic projects roadmap.
Uzbekistan and Belarus are strengthening their trade and industrial cooperation, aiming to boost joint business projects and economic ties.
Kazakhstan’s Energy Minister met with International Renewable Energy Agencys Director General to discuss cooperation on renewable energy and the global energy transition.
Ukraine has launched its most extensive drone strike of the war, targeting multiple Russian air bases in a coordinated operation that President Volodymyr Zelenskyy hailed as a “brilliant” and unprecedented blow to Moscow’s strategic aviation forces.
Since taking office in January, Trump's sweeping tariff decisions, ranging from steel to smartphones have shaken markets, sparked global tensions, and triggered legal battles, with major duties hitting China, the EU, and even U.S. allies.
At least 34 people have died in India’s northeast following days of torrential rains that triggered devastating floods and landslides, while thousands remain stranded as rescue operations intensify.
On May 28, the inauguration ceremony of Lachin International Airport was held.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
Kazakhstan’s Energy Minister met with International Renewable Energy Agencys Director General to discuss cooperation on renewable energy and the global energy transition.
At least 34 people have died in India’s northeast following days of torrential rains that triggered devastating floods and landslides, while thousands remain stranded as rescue operations intensify.
“Baku Energy Week,” the region’s leading energy industry event, kicks off its 30th edition today, bringing together global energy leaders for impactful discussions and collaborations. This milestone event continues to strengthen Azerbaijan’s role in the international energy arena.
Kazakhstan’s economy grew by 6% in early 2025, showing strong momentum across major sectors.
Indonesian rescuers are continuing their efforts to locate eight people still missing after a quarry collapse in West Java left at least 17 dead and six injured, with authorities warning of ongoing landslide risks.
Uzbekistan and Belarus are strengthening their trade and industrial cooperation, aiming to boost joint business projects and economic ties.
Kazakhstan’s Energy Minister met with International Renewable Energy Agencys Director General to discuss cooperation on renewable energy and the global energy transition.
Ukraine has launched its most extensive drone strike of the war, targeting multiple Russian air bases in a coordinated operation that President Volodymyr Zelenskyy hailed as a “brilliant” and unprecedented blow to Moscow’s strategic aviation forces.
Since taking office in January, Trump's sweeping tariff decisions, ranging from steel to smartphones have shaken markets, sparked global tensions, and triggered legal battles, with major duties hitting China, the EU, and even U.S. allies.
At least 34 people have died in India’s northeast following days of torrential rains that triggered devastating floods and landslides, while thousands remain stranded as rescue operations intensify.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment