BAKU, Azerbaijan, August 7. Azerbaijan implemented 287 projects under its state investment program during the first half of 2026, according to the Ministry of Finance.
The ministry said 810.2 million manats ($476.6 million) of the 2.7 billion manats ($1.59 billion) allocated for the program this year had been utilized during the reporting period.
Of the funds spent, 337.8 million manats ($198.7 million) were allocated to transport projects, 171.2 million manats ($100.7 million) to other projects, 151.2 million manats ($88.9 million) to water management and irrigation, 60.9 million manats ($35.8 million) to defense and law enforcement, 51.2 million manats ($30.1 million) to social projects, and 37.9 million manats ($22.3 million) to energy and industry.
Water management and irrigation accounted for the largest number of projects, with 88 implemented during the first six months of the year. This was followed by 63 social projects, 43 projects in other sectors, 42 transport projects, 40defense and law enforcement projects, and 11 energy and industry projects.
Overall, 2.7 billion manats ($1.59 billion) has been earmarked for the state investment program in 2026. As a result, about 30 percent of the planned funding had been utilized by the end of June.
In addition, 99.2 million manats ($58.4 million) was spent on investment projects financed through foreign loans.
Separately, the Ministry of Finance said capital expenditures under Azerbaijan's Great Return Program totaled 1.064 billion manats ($625.9 million) during the first half of 2026.
Total investment-oriented capital spending from the state budget reached 4.188 billion manats ($2.46 billion) in January-June, including 1.064 billion manats ($625.9 million) allocated to the Great Return Program, 810.2 million manats ($476.6 million) to the state investment program, and 2.314 billion manats ($1.36 billion) for other capital expenditures.
The government has earmarked 3.5 billion manats ($2.06 billion) for the Great Return Program in 2026, with nearly 30 percent of the allocation utilized in the first half of the year.
Within the program, the largest allocations went to transport projects at 505.2 million manats ($297.2 million) and social projects at 400.5 million manats ($235.6 million). Funding was also directed to projects in energy and industry, defense and law enforcement, water management and irrigation, and other sectors.
