13:07 - 10.08.2023

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The funds directed to fixed assets in Azerbaijan in the seven months of the year amounted to AZN 9,114.9 million, up 20.8% more from the same period last year.

ABC.AZ reports with reference to the State Statistics Committee that over the past year, investments in the oil and gas sector increased by 15%, and investments in the non-oil and gas sector rose by 24.3%.

Of the funds used in January-July this year, AZN 5,045 million, or 55.3%, were directed to production,  AZN 3,600.5 million, or 39.5%, were used services, AZN 469.4 million manats, or 5.2% were spent on the construction of residential buildings.

Of the funds allocated to fixed capital, AZN 6,877.5 million, or 75.5%, were internal funds, AZN 6,679 million, or 73.3%, were spent directly on construction and installation works.

In the total value of funds allocated to fixed assets, own funds of enterprises and organizations accounted for 44.7%, budgetary funds were responsible for 39.7%, personal funds of the population accounted for 6.7%, bank loans made 3.0%, and other funds made 5.9%.