Azerbaijan Aims to Cut Oil Revenue Dependence to 30% by 2030
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Azerbaijan wants to reduce oil dependence to 30% by 2030

If by the end of 2025 the share of oil revenues in the state budget of Azerbaijan amounted to 48%, by 2030 this dependence will be reduced to 30%.
Dmitry Kalak Reading time: 1 minute
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Azerbaijan

About this stated Finance Minister of Azerbaijan Sahil Babayev in an exclusive interview for the state agency AZETAJ and AzTV.

The Minister specified that this year the country’s budget includes oil revenues at the level of 42.6%.

“This is a very serious change in the state budget. In just a 5-year period, the indicator is reduced from 48 to 30 percent, and already 70 percent of the state budget will be provided at the expense of non-oil revenues,” Sahil Babayev noted.

The Minister noted that the priority items of budget expenditures remain the programs of restoration of liberated territories and return of residents there, investments in the development of the country, social protection measures and implementation of projects of state importance.

According to according to Trading Economics, in 2025, Azerbaijan’s state budget revenues amounted to AZN 39 billion 131.2 million and expenditures – AZN 38 billion 603.6 million (exchange rate as of 27.05.2026 – 0.59 AZN/1 USD).


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