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Azerbaijan starts process of lowering State Budget investments

Baku, Fineko/abc.az. The Ministry of Finance of Azerbaijan continues unveiling the provisions of the Bill on State Budget 2012, which begins restructuring the investment balance.

The Ministry reports that the Draft Law offers that next year’s state budget investment will decrease by 1.5% - from AZN 5.86 bn in 2011 to AZN 5.77 bn in 2012.

At that, state investments will total AZN 7.5 bn or 55.2% of overall investments.

Total investments in Azerbaijan’s economy in 2012 are expected to be AZN 13.49 bn that is by 9.7% more against investments expected in 2011 (AZN 12.236 bn). At the same time domestic investments will make up 70.3% and foreign ones 29.7% of overall investments.

 


12.10.2011 10:29


   


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