15:22 - 18.09.2024

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September 18, Fineko/abc.az. In the next 3 years, Azerbaijan's oil and gas revenues will decrease, while non-oil/gas revenues will increase.

ABC.AZ informs that this is reflected in the parameters of the consolidated and state budget for 2025 and the next three years, published by the Ministry of Finance.

Thus, if in 2024 Azerbaijan's oil and gas revenues are projected at 17.769 billion manats, then in 2025 - 17.73 billion manats, in 2026 - 16.767 billion manats, in 2027 - 16.555 billion manats, in 2028 - 15.76 billion manats.

In other words, if to compare 2024 and 2028, oil  & gas revenues are expected to decrease by 2.7 billion manats, that is, by 11.3%.

Non-oil/gas revenues in 2024 are projected at 18.619 billion manats, in 2025 - 19.543 billion manats, in 2026 - 21.356 billion manats, in 2027 - 22.596 billion manats, in 2028 - 23.992 billion manats.

In other words, if to compare 2024 and 2028, non-oil/gas revenues are expected to grow by 5.37 billion manats, that is, by more than 28.8%.