BAKU, Azerbaijan, Nov. 12
By Khagan Isayev – Trend:
Foreign investments in fixed assets in Azerbaijan in 2022 will reach 5.335 billion manats ($3.1 billion), Trend reports referring to the draft state budget of Azerbaijan for 2022.
According to the document, foreign investments in fixed assets in Azerbaijan in 2023 will exceed 4.823 billion manats ($2.5 billion), in 2024 - 5.106 billion manats ($3.004 billion), and 5.139 billion manats ($3.023 billion) in 2025
It is noted that in Azerbaijan’s 10M2021 investments in fixed assets amounted to 10.56 billion manats ($6.2 billion), which is 11.5 percent less than the same period last year.
At the same time, 7.02 billion manats ($4.1 billion), or 66.4 percent of funds allocated to fixed assets, accounted for domestic funds.
Investments in the oil and gas and non-oil sectors decreased by 9.2 and 13.1 percent, respectively, compared to 10M2020.
In the total amount of funds allocated to fixed capital, funds of enterprises and organizations amounted to 55.1 percent, budget funds - 24.1 percent, other funds - 7.4 percent, personal funds of the population - 7.3 percent, bank loans - 6. 1 percent.