17 Oct 2026
Azerbaijan to allocate $2.3 bln for restoration of Karabakh
At today's meeting of Azerbaijan's Milli Majlis Committee on Economic Policy, Industry and Entrepreneurship the draft Law of Azerbaijan "On the State Budget of Azerbaijan for 2024" has been submitted for discussion.
Azerbaijan will allocate 4 billion manat (more than $2 bln) for the reconstruction and restoration of the Karabakh economic region's settlements.
The State Budget for the next year envisages priority directions of expenditures on strengthening Azerbaijan's defense capability and implementation of the 'Great Return' program activities, Azerbaijan's Finance Minister Samir Sharifov said.
According to him, defence and national security expenditures will amount to 6.421 billion manats ($3.77 billion) next year.
The minister noted that the draft also includes expenditures on social protection of the population, continuation of reforms in the field of education and food security of Azerbaijan.
Sharifov also emphasized that financial support will be created to strengthen the inviolability of Azerbaijan's borders, improve the material and technical support of the army.
Latest news
Latest newsBulgaria Asks NATO to Strengthen Its Defences Amid Black Sea Threats: Sofia Fears Growing Risks to Maritime Shipping
16.Oct.2026
Black Sea Shipping Risks Threaten Bulgaria’s 5 Million Tonnes of Wheat Exports
15.Oct.2026
Georgia’s Foreign Funding and Political Ban Laws Draw Criticism from the Venice Commission
15.Oct.2026
Kazakhstan Promotes a Caspian Green Energy Corridor: Astana Seeks New Routes to the European Market
14.Oct.2026
Inflation in Romania Accelerates to 6.61%: Rising Prices Increase Pressure on Households and the Economy
13.Oct.2026
Can Europe Protect the International Criminal Court from Trump’s Sanctions?
13.Oct.2026
Georgia’s Constitutional Court Continues Case on Banning Opposition Parties: Political Pluralism at Stake
12.Oct.2026
Azerbaijan and Iran Step Up Security Contacts Amid Hijab Protests
12.Oct.2026
Personnel Shortages Complicate Ukrainian Forces’ Rotation: Ukraine Faces Long-Term Challenges on the Front Line
11.Oct.2026
Trump Eases Sanctions on Russian Fuel After Talks with Putin: Kyiv Fears Boost to Moscow’s War Revenues
10.Oct.2026
Putin Seeks to Strengthen Russia’s Influence in the Post-Soviet Space Through the CIS
10.Oct.2026
Russia and the South Caucasus: External Pressure, Political Competition and a Crisis of Trust
10.Oct.2026
Peaceful Settlement Between Armenia and Azerbaijan: Moving from Declarations to Implementation
10.Oct.2026
Moldova Ready to Accept as Many Ukrainians as Necessary if Situation Worsens This Winter
09.Oct.2026
Turkmenistan Turns Avaza into a Regional Diplomatic Hub as Caspian, Central Asian and CIS Agendas Converge
08.Oct.2026