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Uzbekistan reveals growth rate of investments spent in fixed assets for 9M2020

Finance Materials 21 October 2020 17:56 (UTC +04:00)
Uzbekistan reveals growth rate of investments spent in fixed assets for 9M2020

BAKU, Azerbaijan, Oct. 21

By Klavdiya Romakayeva - Trend:

The growth rates of investments spent in fixed assets of Uzbekistan from January through September 2020 amounted to 91.3 percent, Trend reports citing the State Statistics Committee of Uzbekistan.

Some 138.1 trillion soums ($13.3 billion) of investments in fixed assets were spent for 9M2020. Of them, 88 trillion soums ($8.49 billion) were financed from borrowed funds, and the remaining 50.1 trillion soums ($4.83 billion) were financed from the own funds of enterprises and the population.

At the expense of centralized sources of financing, 30.2 billion soums ($2.91 million) of investments in fixed assets, or 21.8 percent, were disbursed. Accordingly, 108 billion soums ($10.4 million) of investments (78.2 percent) were spent at the expense of decentralized sources of financing.

Some 37.9 billion soums ($3.65 million) of investments in fixed assets, or 27.5 percent of their total volume, were spent at the expense of the own funds of enterprises and organizations for the same reported period. And, 12 billion soums ($1.17 million) of investments, or 8.8 percent, were spent at the expense of the population.

Due to direct foreign investments, 15 billion soums ($1.45 million) were spent, which, compared to the corresponding period of last year, is less by five percentage points, or 10.9 percent of their total volume.

A high share in Uzbekistan in terms of investments in fixed assets is occupied by Tashkent - 20.7 percent, Kashkadarya - 10.4 percent and Tashkent region - 8.9 percent.

In the technological structure of investments in fixed assets in Uzbekistan, 72 billion soums ($6.94 million) were allocated for the purchase of machinery, equipment and inventory, which amounted to 52.1 percent of their total volume.

Most of the investments in fixed assets in the reporting period were directed to new construction, the volume of which reached 69 billion soums ($6.65 million), which amounted to 49.8 percent of its total volume.

Investments for expansion, reconstruction, modernization and technical re-equipment of existing facilities amounted to 38 billion soums ($3.66 million), or 27.8 percent. The remaining 22.4 percent were sold in other directions.

The manufacturing industry prevails in the structure of investments in fixed assets by type of economic activity. Some 44 billion soums ($4.24 million), or 32.3 percent, were disbursed at the expense of all sources of financing in this industry.

In the mining industry, 14 billion soums ($1.35 million), or 10.3 percent, were spent, of which 7.7 percent, or 11 billion soums ($1.06 million), investments in fixed assets were spent for the extraction of crude oil and natural gas resources.

For 9M2020, 56 billion soums ($5.4 million), or 40.9 percent accounted for foreign investments and loans.

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