Azerbaijan recorded a Government Budget deficit equal to 0.70 percent of the country's Gross Domestic Product in 2023. Government Budget in Azerbaijan averaged -0.26 percent of GDP from 2005 until 2023, reaching an all time high of 0.90 percent of GDP in 2010 and a record low of -2.40 percent of GDP in 2020. source: Central Bank of the Republic of Azerbaijan

Government Budget in Azerbaijan is expected to reach -2.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Government Budget is projected to trend around -2.30 percent of GDP in 2025 and -2.50 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Credit Rating 50.00 Jan 2025
Fiscal Expenditure 37719.70 31038.10 AZN Million Dec 2024
Government Budget -0.70 -1.00 percent of GDP Dec 2023
Government Budget Value 555.50 3018.10 AZN Million Dec 2024
Government Debt to GDP 21.90 11.70 percent of GDP Dec 2023
Government Revenues 37164.20 34056.20 AZN Million Dec 2024
Government Spending 4262.30 5407.90 AZN Million Sep 2024
Government Spending to GDP 29.60 24.00 percent of GDP Dec 2023
Holidays
Military Expenditure 3561.70 2991.00 USD Million Dec 2023

Azerbaijan Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -1.00 0.90 -2.40 2005 - 2023 percent of GDP Yearly