The State Statistical Committee has provided a breakdown of budget spending in the first half of the year. According to him, the budget receipts totaled 8.2 billion manat, and expenses amounted to 7.4 billion manat with surplus of 815 million manat (there is a discrepancy between the statistics, referring to yesterday's report of the Ministry of Finance and the Minister of Finance, who reported a 9 billion 525 million in revenue and 8 billion 730 million cost.)
Approximately half (44.9% or 3.3 billion) of spending is directed at economic development, 10.3% (766.1 million) - at social protection and security, 18.5% (1.4 billion) - at public sector wages, pensions and benefits, 9.2% (681.6 million) - education and health care. The remaining 17.1% were spent on other needs. --17D—
Economics
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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The Baku Small and Medium Business (SME) House and the Miniboss Business School have signed a memorandum of understanding aimed at developing entrepreneurial skills among children, the Small and Medium Business Development Agency (KOBIA) reported on Monday.
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In 2025, Azerbaijan's information security and digital infrastructure remain under pressure, as experts highlight the absence of a National Internet Exchange Point (IXP). Osman Gunduz, head of the NGO Multimediya, has renewed calls for the Information and Communication Technologies Agency (İKTA) to spearhead the creation of a Milli İnternet Mübadilə Mərkəzi (National Internet Exchange Centre) in collaboration with key local providers Azertelecom, Delta Telecom, AzTelekom, and global industry leaders.
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