BAKU, Azerbaijan, June 10
By Zeyni Jafarov –Trend:
The volume of funds directed to fixed capital from all financial sources for the development of the socio-economic sphere of Azerbaijan in the first 5 months of 2021 lowered, Trend reports referring to the State Statistical Committee.
According to the committee, the volume amounted to 4.9 billion manat ($2.8 billion, decline of 5.3 percent on annual basis).
In the structure of investments, almost 3.4 billion manat ($2 billion), or 69.1 percent of the total volume, fell on production areas, 1.14 billion manat ($670 million) or 23.3 percent - on service areas, and 371.6 million manat or $218.6 million (7.6 percent) - on the construction of houses.
Investments in the oil and gas sector decreased by 2.1 percent, and in the non-oil sector - by 7.9 percent.
Besides, according to the committee, 2.96 billion manat ($1.74 billion), or 60.3 percent of funds allocated to fixed assets accounted for domestic funds and 3.29 billion manat ($1.94 billion), or 67 percent - for construction and installation work.
The fixed capital accounted for 61.5 percent of the total value of capital investments of enterprises and organizations, budget funds - 18.1 percent, private funds - 6.9 percent, bank loans - 6 percent, and other funds - 7.5 percent.
(1 USD = 1.7 AZN on June 10)
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