Azerbaijan implemented 287 projects under its state investment program during the first half of 2026, according to the Ministry of Finance. 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. Overall, 2.7 billion manats ($1.59 billion) has been earmarked for the state investment program in 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. 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).