Revenues in fixed capital of Azerbaijan decreased


November 16, Fineko/ AZN 11.48 bn (11.3% less than for the 2017 same term) was directed for fixed-capital assets from all financial sources in Azerbaijan over Jan-Oct of 2018.

The State Statistics Committee reports that 69.3% of the funds spent during the reporting period were directed for construction and installation works.

"Decrease in revenues is linked with the reduction of investments in the oil sector, despite the fact that investments in the non-oil sector increased by 16.7%, including in the non-oil industry by 18.2%," the Committee informed.

The share of funds of enterprises and institutions directed to fixed assets made up 50.2%, the share of bank loans 13%, budget funds 26.8%, population funds 7.4%, extra–budgetary funds 1.9%, and other sources 0.7%.