BAKU, Azerbaijan, December 29. President of the
Republic of Azerbaijan Ilham Aliyev has signed a decree approving
new rules on monitoring budget implementation and distributing net
profits of state-owned enterprises, Trend reports.
The approved rules, enacted to implement the decree dated August
25, 2025, “On additional measures for the efficient management of
state finances”, aim to ensure efficient management of state
finances, increase transparency in budget planning and operations
of state enterprises, improve accounting and reporting in state
enterprises, anticipate potential obligations to the state budget,
and determine the distribution of net profit and dividend policy
for state enterprises.
According to the approved rules, the annual and medium-term
budget drafts, forecasts, and the execution of income and
expenditure estimates of state enterprises will be systematically
monitored, and their performance indicators will be analyzed.
Additionally, state enterprises will pay dividends to the state
budget amounting to at least 30% of their net profit.
Starting April 1, 2026, state enterprises will submit budget
indicators and IFRS-compliant financial statements to the Ministry
of Finance in the specified format and within the established
deadlines. The Ministry will monitor the execution of annual and
medium-term budget drafts and forecasts, as well as annual income
and expenditure estimates, analyze performance indicators, and,
beginning in 2026, report the results of these analyses to the
President on a quarterly basis.
According to the decree, state enterprises must also submit
financial statements for previous years and the approved budgets
for 2026 to the Ministry by April 30, 2026.
The provisions regarding the approval of these rules will come
into force on January 1, 2026.