Investments in socio-economic development increase in Azerbaijan
BAKU, Azerbaijan, Jan. 21
By Nargiz Ismayilova – Trend:
Some 17.4 billion manat ($10.2 billion) was transferred from all financial sources to the fixed capital to develop Azerbaijan's social-economic sphere, Trend reports referring to the data from the Azerbaijani State Statistics Committee.
About 66.3 percent of all investments were spent on the production of goods, 25.8 percent on services and 7.9 percent on the construction of residential buildings. Some 69.8 percent of the total investments accounted for the domestic capital investments.
Some 52 percent of the total cost of capital investments accounted for enterprises and organizations, 28.3 percent - budgetary funds, 12 percent - bank loans, 5.7 percent - private funds, 1.2 percent - extra-budgetary funds and 0.8 percent - other funds.
(1 USD = 1.7 AZN on Jan. 21)