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Caspian News (21 November 2024)

Gunay Hajiyeva

Azerbaijan increased its defense and national security budget for 2025 amid the extensive military buildup in neighboring Armenia.

The two nations were locked in one of the world’s most protracted conflicts from 1991 to 2020, when an open war broke out resulting in Azerbaijan reclaiming its territorial integrity and marking an end to the conflict.

Azerbaijan’s Finance Minister Samir Sharifov announced that around AZN 8.4 billion or USD 4.9 billion is projected for the next year’s defense and national security spending, surpassing this year’s forecast by AZN 1.27 billion (USD 0.75 billion).

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