Investments in fixed capital of Kazakhstan increase

Business Materials 19 September 2018 14:20

Baku, Azerbaijan, Sept. 19


The investments in fixed capital of Kazakhstan for eight months of 2018 have exceeded the last year's indicators for the same period by 33 percent and have amounted to 6.4 trillion tenge, the finprom.kz said in a statement.

The enterprises’ own funds, which account for 72.9 percent (4.7 trillion tenge) of all allocated funds, are still the main source of funding. The budget funds allocated for capital expenditures have amounted to 746,3 billion tenge (741,1 billion tenge in the previous year). The investments made through bank credits and borrowed funds have amounted to 986.9 and 788 billion tenge, respectively.

The investments into the fixed assets are divided into two main groups: internal and external. The internal investments in January-July this year have amounted to 4.5 trillion tenge, which is 27 percent more than a year earlier — 3.6 trillion tenge. They account for 70.8 percent of all investments.

The leader in attracting investment is Atyrau region due to its natural abundance of oil fields in that region. Over the past eight months, 1.3 trillion tenge (a year earlier — 929 billion tenge) have been allocated to the region at the expense of internal investments.

The investments in the capital city for the same period have amounted to 439.5 billion tenge, which is 3.1 percent less than a year earlier-453.4 billion tenge.

The new city of national significance - Shymkent closes the list of the top three regional leaders with the investments amounting to 388.2 billion tenge.

The official exchange rate for September 20 is 369.36 USD / KZT.