More than AZN 11 bn directed for fixed capital this year


November 18, Fineko/abc.az. Over Jan-Oct of the year AZN 11.407 bn was directed for the fixed capital from all sources of financing for the development of the economy and social sphere of Azerbaijan.

The State Statistics Committee informs that 66.8% of the funds were spent on the cost of construction and installation works.

65.5% of total investments were spent on production, 25% on services, and 9.5% on the construction of residential buildings.

Funds allocated for fixed assets from domestic sources made up 71.1% of the total investments.

In the total value of investments in fixed assets the enterprises and organizations made up 56.4%, budget funds 27.2%, bank loans 7.8%, personal funds of the population 6.8%, extra-budgetary funds 1.5% and other funds 0.3%.