Parliamentary discussions addressed national revenue diversification strategies, with Finance Minister Sahil Babayev projecting non-oil/gas revenue share reaching 69-70% by 2029.
According to the Minister of Finance, the share of non-oil and gas sectors of the economy will reach 63% in 2026, an increase of 5% compared to the current year. Thus, two-thirds of budget revenues will come from the non-oil and gas sector, demonstrating steady progress in economic diversification.
This action moves Azerbaijan closer to strategically reducing its reliance on global energy markets.
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