12:39 - 11.11.2026

---

November 11, Fineko/abc.az. Dependence on oil is consistently declining.

Azerbaijani Finance Minister Sahil Babayev made the relevant statement at a joint meeting of the Milli Majlis Committees on Legal Policy & State Building, on Defense, Security & Anti-corruption, on Human Rights & Regional Issues.

The minister noted that the level of coverage of current expenses by non-oil revenues is 90.1%.

"This is 2.1 p.p. more than in 2026. By 2030, it is planned to increase this figure to 100%. The share of non-oil revenues in the consolidated budget is 64.5%, which is 1.5 p.p. more than in 2026. Our goal is to bring this figure up to 70.4% by 2030," the minister stated.