A regular meeting of the Collegium of the Ministry of Finance of the Republic of Azerbaijan was held on 21 April to review the work carried out by the State Treasury Agency and the State Financial Control Service under the Ministry, as well as the priorities for the upcoming period.
The meeting, attended by the heads of the Ministry’s structural divisions and subordinate institutions, was chaired by Minister of Finance Sahil Babayev. During the meeting, it was noted that the consistent socio-economic policies implemented under the leadership of President Ilham Aliyev have contributed to strengthening macroeconomic stability and ensuring financial resilience in the country. These factors have also positively influenced state budget execution, with both revenue and expenditure targets being successfully met.
It was highlighted that positive momentum in state budget implementation continued in the first quarter of 2026, with total state budget revenues reaching AZN 9.6 billion, representing 5% above forecast, while expenditures exceeded AZN 7.8 billion.
The meeting also reviewed the work carried out by the State Treasury Agency, including the acceleration of document processing times, the launch of the Financial Reporting Portal, and digital transformation initiatives aimed at improving treasury operations and real-time financial oversight.
In addition, the activities of the State Financial Control Service were discussed, with emphasis placed on strengthening oversight over the efficient and targeted use of public funds, enhancing risk-based supervision, and expanding digital financial control mechanisms.
At the conclusion of the meeting, relevant decisions were adopted and corresponding instructions were issued regarding the further strengthening of treasury management, financial oversight, and institutional efficiency.
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