Over AZN 17 bn directed for fixed assets last year


January 21, Fineko/abc.az. More than 17.18 bn was directed for the fixed capital from all financial sources for the development of the economy and social sphere of Azerbaijan in 2019, and the cost of construction and installation works made up 65.4% of them.

ABC.AZ reports with reference to the State Statistics Committee that AZN 4.397 bn of them accounted for December.

66.3% of annual investments were spent on production, 25.8% on services, and 7.9% on construction of residential buildings.

Funds allocated for fixed assets from internal sources accounted for 69.8% of the total investment volume.

In the total cost of investments in fixed assets the enterprises and organizations made up 52%, budget funds 28.3%, bank loans 12%, personal funds of the population 5.7%, funds of extra-budgetary state funds 1.2%, and other funds 0.8%.