Azerbaijan, Baku / Trend corr I. Khalilova /Under the State Investment Program the Azerbaijani Government expects the total investment in Azerbaijan to make up AZN 15.581bln, with internal investments comprising AZN 12.362bln and foreign investments amounting to AZN 3.219bln, the Government reported.
Investments are expected to rise mainly in 2008-09 and in following two years they will drop. Internal financing will increase as a result of a decrease in foreign investments.
Sources | Unit | 2008 | 2009 | 2010 | 2011 | 2008-2011 |
Internal sources | Mln of AZN | 3374 | 3243 | 3035 | 2710 | 12362 |
Specific weight | % | 83.4 | 76.6 | 77.2 | 79.8 | 79.3 |
Public budget | Mln of AZN | 2841 | 3000 | 2815 | 2660 | 11316 |
Specific weight | % | 70.2 | 70.8 | 71.5 | 78.3 | 72.6 |
State Oil Fund | Mln of AZN | 533 | 243 | 220 | 50 | 1046 |
Specific weight | % | 13.2 | 5.8 | 5.7 | 1.5 | 6.7 |
Foreign loans | Mln of AZN | 670 | 990 | 872 | 687 | 3219 |
Specific weight | % | 16.6 | 23.4 | 22.8 | 20.2 | 20.7 |
Total | Mln of AZN | 4044 | 4233 | 3907 | 3397 | 15581 |
In 2008, investments will grow by 50%, compared to expenditure for 2007, and will constitute AZN 2.841bln, with 65.2% to finance projects already implemented and 34.8% to finance new projects.