Investments in economy due to bank loans sharply decreased - STATISTICS


November 18, Fineko/abc.az. Investments in Azerbaijani economy have sharply decreased due to bank loan in Azerbaijan.

ABC.AZ informs that the data was covered by the report of the State Statistics Committee.

According to the report, the total value of investments in fixed assets in Azerbaijan this year amounted to 56.4 percent, budget funds 27.2 percent, bank loans 7.8 percent, personal funds of the population 6.8 percent, funds of extra-budgetary funds 1.5 percent and other funds 0.3 percent.

This means that in 2019 it was invested AZN 6.434 bn in the economy through enterprises and organizations, AZN 3.103 bn from budget funds, AZN 890 million at the expense of bank loans, AZN 776 million from personal funds of the population.

Last year it was directed AZN 5.764 bn to the accounts of enterprises and organizations, AZN 3.57 bn for budget finances, AZN 1.49 bn for bank loans, and AZN 850 million for personal funds of the population.

In other words, compared with last year, revenues of enterprises and organizations increased by 11.6% and at the expense of the budget by 1.5%. Instead, deposits reduced by 40% due to bank loans and by 8.7% at the expense of the population’s finances.