BAKU, Azerbaijan, Aug.11
By Zeyni Jafarov - Trend:
The volume of allocations to the fixed capital from all financial sources for the development of Azerbaijan’s socio-economic sphere from January through July 2021, has decreased, Trend reports citing the Azerbaijani State Statistics Committee.
According to the committee, this indicator amounted to slightly over 7 billion manat ($4.1 billion) which is by 12.1 percent less than in the first seven months of 2020.
Some 4.8 billion manat ($2.8 billion), or 69.2 percent of investments in the fixed capital accounted for the production areas, 1.6 billion manat ($940 million), or 23.2 percent - for non-production areas, and 537.3 million manat ($316 million), or 7.6 percent - for construction of houses.
Investments in the oil and gas sector decreased by 10.4 percent while in the non-oil sector - by 13.4 percent.
Besides, 4.4 billion manat ($2.1 billion), or 63.2 percent of funds allocated to the fixed assets, accounted for domestic funds. Nearly 4.8 billion manat ($2.8 billion), or 68 percent, out of the funds allocated to the fixed assets accounted for construction and installation work.
Some 60.3 percent accounted for fixed capital in the total value of capital investments of enterprises and organizations, 19.6 percent - budgetary funds, seven percent - private funds, six percent - bank loans and 7.1 percent - other funds.
(1 USD = 1 AZN on Aug.11)
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