Baku, Azerbaijan, July 22
By Azad Hasanli – Trend:
Some 7.1 billion manats were invested from all financial sources in the development of the economic and social areas of Azerbaijan in January-June 2017, which is by 2.9 percent less than in the same period of 2016, the Azerbaijani State Statistics Committee said in a report.
According to the report, 78.6 percent of the total investments were made in the construction of production facilities, 16 percent – in construction of non-production facilities and 5.4 percent – in construction of housing.
Some 40 percent of the total investments accounted for the domestic investments, the report said.
The main sources of investments in January-June 2017 are as follows: funds of enterprises and organizations – 5.02 billion manats (70.3 percent of the total investments); bank loans – 848.5 million manats (11.9 percent); budgetary funds – 817.4 million manats (11.45 percent); off-budgetary funds – 90.2 million manats (1.26 percent); funds of population – 328.5 million manats (4.6 percent) and other funds – 34.7 million manats.
Some 39.15 percent (almost 2.8 billion manats) of the funds made in the fixed capital accounted for the development of the non-oil sector, while 60.85 percent (4.34 billion manats) - in the country's oil sector.
Some 66.66 percent of the investments accounted for industry, 15.85 percent – construction, 0.2 percent – transportation and warehousing, 12.1 percent – information and communications, 1.47 percent - agriculture, forestry and fishery, 0.5 percent – health care, 0.8 percent – public administration, security and compulsory social security, 0.4 percent - administrative and support services, 0.45 percent – leisure, entertainment and arts, and 0.45 percent – education, the report said.
(1.7012 manats = $1 on July 22)