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Azerbaijan discloses volume of receipts in fixed assets for Q1 2021

Finance Materials 19 April 2021 15:11 (UTC +04:00)
Azerbaijan discloses volume of receipts in fixed assets for Q1 2021

BAKU, Azerbaijan, Apr. 19

By Zeyni Jafarov - Trend:

Some 2.4 billion manat ($1.4 billion) were allocated from all financial sources to the fixed assets for the development of the socio-economic sphere of Azerbaijan from January through March 2021, which is by 19.4 percent less than in the same period of 2020, Trend reports citing the data from the Azerbaijani State Statistics Committee.

Some 1.8 billion manat ($1.05 billion) or 74.5 percent of funds in the structure of investments accounted for the production areas, 398.2 million manat that’s $234.2 million (16.8 percent) - service areas, 205.2 million manat that’s $120.7 million (8.7 percent) – construction of houses.

The volume of investments in the oil and gas sector decreased by 6.2 percent while the volume of funds directed to the non-oil sector - by 32.2 percent.

According to the State Statistics Committee, 1.2 billion manat ($705.8 million), or 52.1 percent of the funds allocated to the fixed assets, accounted for domestic funds.

Some 1.8 billion manat ($1.05 billion), or 74.8 percent, out of the funds allocated to the fixed assets accounted for the construction and installation work.

The fixed capital in the total value of capital investments of enterprises and organizations accounted for 67.5 percent, budgetary funds - 10.6 percent, private funds - 8.1 percent, bank loans - 8.9 percent, other funds – 4.9 percent.

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