More than half of investments in Azerbaijan accounts for private sector
BAKU, Azerbaijan, Nov. 20
By Zeyni Jafarov – Trend:
The amount of investments in the Azerbaijani economy from January through September 2020, having decreased by 3.8 percent, amounted to 10.4 billion manat ($6.1 billion), Trend reports referring to the review of the monetary policy of the Central Bank of Azerbaijan (CBA).
In accordance with the CBA’s report, a total of 38.8 percent of investments accounted for the public sector while 61.2 percent - for the private sector. About six billion manat ($3.5 billion) was transferred to the non-oil and gas sector.
Some 63.9 percent of investments in fixed assets were formed through internal sources while 36.1 percent - through external sources.
The funds from enterprises and organizations prevailed in the distribution of funds allocated for fixed assets upon financial sources.
So, over the past nine months of this year, the share of funds of enterprises and organizations amounted to 59.9 percent from January through September 2020 compared to 57.5 percent in the same period of last year.
This is followed by budget funds with a total share of 22.3 percent (a decrease of 4.6 percentage points) and bank loans - 6.5 percent (a decline of 0.8 percentage points).
The share of personal funds of the population accounted for 6.1 percent, decreasing by 0.5 percentage points year on year. Other funds amounted to 3.4 percent, having increased by 17 times for the year.
The change in Azerbaijan's real GDP is in the negative zone due to the consequences of the pandemic, which was observed from the end of the first quarter of 2020.