Uzbekistan spends 66 per cent of total investments for production reasons
Uzbekistan, Tashkent, November 24 / Trend, D. Azizov /
In January-September 2011, Uzbekistan spent 66.3 per cent of total capital investments for the needs of economy's production branches, Uzbek State Statistics Committee reported officially. The Committee said total capital investments from all sources of financing in the economy of Uzbekistan in January-September 2011 increased by 8 per cent against the respective period of 2010 to 12.216 trillion som or $7.2 billion.
Total investments included 52.3 per cent as assets of enterprises and population, 11.7 per cent as bank credits, 8.2 per cent as assets of non-budgetary funds, including the Fund for Reconstruction and Development, 7 per cent as state budget assets, and 0.4 per cent as the assets of the Fund for Land Melioration & Irrigation.
Of total investments, 20.9 per cent went to the transport and communications; 16.4 per cent-to the fuel and energy industry; 3.8 per cent-to machine-building; 4.1 per cent-to metallurgy; 4.2 per cent-to agriculture; 2.5 per cent-to construction; 2.8 percent-to the light industry; 2.1 percent-to the geological-exploration projects; 1.3 per cent-to the production of building materials; 1.2 per cent-to the food industry; 0.9 per cent-to the chemical and petrochemical industry; 4 per cent- to trade and public catering; and 1.2 per cent-to the rest branches.
As for investments designated for non-production projects, the bigger share - 21.1 per cent - of total investments was spent for construction of living houses.
The share of foreign investments and loans in total investments in January-September 2011 was 20.4 per cent versus 28.6 per cent following the results of January-September 2010.
The State Statistics Committee said the bigger part of foreign investments and loans-47.5 per cent (versus 68.5 per cent in the same period of 2010) went to the transport and communications; 25.5 per cent (10.7 percent)-to the fuel and energy industry; 7.1 per cent (4.4 per cent)-to the light industry; 2.2 per cent (0.8 per cent)-to the housing economy; 1.1 per cent (1.4 per cent)-to the machine-building; 2 per cent (2.5 per cent)-to the production of building materials; 1.4 per cent (1.1 per cent)-to healthcare; and 12.4 per cent (9.1 per cent)-to the rest branches.
Total capital investments in Uzbekistan in 2010 increased by 9.2 per cent against the previous year up to 15.409 trillion som.
As for 2011, the Uzbek Government plans to get an increase of 22.1 percent against 2010.
The official exchange rate on November 24 is 1776.59 som/$1.