BAKU, Azerbaijan, April 13. Azerbaijan’s fixed capital investments amounted to 2.44 billion manat ($1.4 billion) from January through March 2022, decreasing by 9.5 percent compared to the same period in 2021, Trend reports referring to Azerbaijan’s State Statistical Committee.
According to the Committee, investments in the oil and gas industry dropped by 28 percent, while in the non-oil sector increased by 0.1 percent compared to the first three months of 2021.
Meanwhile, 62.5 percent of fixed investments, or 1.524 billion manat ($897 million), fell on manufacturing, 30.4 percent (743.2 million manat, or $437.4 million) – on services, 7.1 percent (172.8 million manat, or $101.7 million) – on the construction of residential houses, and 68.7 percent (1.676 billion manat, or $986.47 million) accounted for internal funds.
Some 1.688 billion manat ($993.5 million), or 69.2 percent of the funds allocated to fixed assets, was spent on construction and installation work during the reporting period.
Funds of enterprises and organizations amounted to 61.8 percent out of the total fixed capital funds, while budgetary funds totaled 24.6 percent, other funds – 3.8 percent, personal funds of the population – 8.1 percent, as well as bank loans – 1.7 percent in total.