Every figure has a source: the State Budget Law approved by the Milli Majlis each year since independence, read in the original text. Two readings of the same manat (as printed, and at 2026 prices), so that decades and governments can be compared honestly.
Who held power, and for how long. Tap a segment to see the name, the dates and how each term began and ended.
The first budget of independence was drawn up in Soviet roubles. Today’s is in the new manat and leans on transfers from the State Oil Fund.
Revenue and spending as approved in each year’s law, converted to the new manat (AZN) and also shown at 2026 prices.
1992 to 1995: budgets approved during hyperinflation and in the rouble (1992) or the old manat; deflated by the IMF’s annual average consumer price index, so read them with caution.
The transfer from the State Oil Fund (SOFAZ) written into each budget law, as a share of approved revenue.
From 2019 the law no longer names the Fund: the line reads “receipts from the body (institution) designated by the relevant executive authority (upper limit of the transfer)”. It is shown here as the SOFAZ transfer, and it is an upper limit, not a payment made.
Debt service approved in each law (interest and repayment of principal, external and domestic), as a share of approved spending.
Defence, education, health and social protection as a share of approved spending, from the functional tables of each law.
Until 2003 the budget law itself listed the upkeep of the Milli Majlis (the Supreme Soviet until 1995) and, until 1996, of the Presidential Administration. Since 2004 these lines appear only in the presidential decree that applies the law; the decrees read so far are shown.
| Year | Milli Majlis, as printed | Milli Majlis, 2026 prices | Presidential Administration, as printed | Presidential Administration, 2026 prices | Source |
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IMF World Economic Outlook series. Pick an indicator and a comparison; Azerbaijan is always in red.
Azerbaijan next to Portugal, Spain, El Salvador, the United States, China, India and Türkiye, with the latest figure published by each source. First, the measures where Azerbaijan is furthest ahead; then all of them, each with its source, including those where it still has ground to cover. Click a column to sort the eight countries.
Dates of taking office and leaving it, how each term began, and the source used.
| President | From | To | How | Source |
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| Prime Minister | From | To | How | Source |
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1992: the budget was approved in thousands of Soviet roubles; the manat entered circulation on 15 August 1992 at 1 manat = 10 roubles. 1993: thousands of manat. 1994-2005: millions of manat. On 1 January 2006 the manat was redenominated at 5,000 old manat = 1 new manat (AZN), by presidential decree 189 of 7 February 2005. Every figure on this site is converted to the new manat with these ratios; the figure as printed in the law is always shown next to it.
1992-1994 are republic budgets; 1992-1995 were approved during hyperinflation; in 1994 and 1995 the law approved “forecast” revenue. 1995 and 1996 began without an approved budget (the 1996 law was passed in March 1996). The functional classification changed in 2004, 2006, 2013 and 2020; in 2020 defence became “defence and national security”. Shares from 1994 to 2003 are taken over the total approved spending; from 2004 over the sum of the functional sections. Debt service before 2006 is the sum of the external and domestic debt lines; the 2006 external principal is printed inconsistently in the source and the line total is used. 1992 and 1993 laws carry no debt service line. Interest is shown separately only where the law separates it (1998 and from 2004).
Execution: these are the budgets as approved, not as spent. Mid-year amendments (for example 2016, 2017, 2019, 2020 and 2024) are not included. The State Oil Fund’s own spending and the State Social Protection Fund are outside the State Budget.