14:06 - 26.01.2026

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January 26, Fineko/abc.az. The inclusion of an average oil export price of $65 in Azerbaijan’s State Budget 2026 reflects a cautious and conservative approach. Although a decline in oil prices below this threshold may create certain fiscal risks, Azerbaijan’s accumulated reserve funds, conservative budgeting framework, and policy of developing the non-oil sector make it possible to keep these risks at a manageable level.

ABC.AZ informs that Azer Amiraslanov, the chairman of the Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship, said this in an interview.

Amiraslanov noted that the consolidated budget is more sensitive to oil prices than the state budget. In 2026, 42.6% of State Budget revenues, or 16.4 billion manats, will be formed through revenues from the oil and gas sector. Of this amount, 78.1%, or 12.8 billion manats, will consist of transfers from the State Oil Fund. These transfers are planned and executed as a fixed amount, regardless of oil prices. Oil prices can directly affect only 22% of oil-and-gas revenues, or 3.6 billion manats, namely the receipts from the oil and gas sector collected through the tax authorities.

“The main objective of budget policy is to ensure medium- and long-term macroeconomic stability, while responding to short-term shocks. The reserve mechanisms against these risks are multifaceted. The first is the transfer mechanism from the State Oil Fund. The Oil Fund, which performs a savings function, is the main stabilization instrument for the budget. During periods of price volatility, fiscal stability is maintained through transfers,» he emphasized.