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How much was invested in development of economy and social sphere in Azerbaijan?

Finance Materials 16 August 2019 14:29 (UTC +04:00)

Baku, Azerbaijan, Aug. 16

By Sara Israfilbayova – Trend:

In January-July 2019, 7,395.5 million manats were invested in fixed assets from all financial sources, which is 0.8 percent less than the same period in 2018, Trend reports referring to the State Statistical Committee.

“Some 67.7 percent of the total investment was made for conducting construction and installation work, 9.3 percent for the construction of residential buildings, and 26.4 percent for the services sector. Funds allocated to fixed assets from internal sources amounted to 70.8 percent of total investments," the state committee said in a statement.

Of the total volume of investments directed to fixed assets, 55.3 percent consist of funds of enterprises and organizations, 7.9 percent of bank loans, 28.1 percent of budget funds, 6.9 percent of personal funds of the population, 1.5 percent of funds from extrabudgetary funds, and 0.3 percent of other funds.

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