In January-August of this year, 10.9 billion manats ($6.4 billion) were invested in the fixed capital in Azerbaijan, 15.4% more than in the corresponding period of 2022, Ednews informs, citing the State Statistical Committee.
According to the information, the volume of investments invested in the oil and gas sector increased by 12.2%, and the volume of funds directed to the non-oil and gas sector increased by 17.1%. Some 6.2 billion manats ($3.65 billion), or 57.1%, of the used funds were spent on the production areas, 4.2 billion manats ($2.5 billion) (37.9%) on the service areas, 549.1 million manats ($322.9 million) (5%) on the construction of residential houses. Internal funds accounted for 8.34 billion manats ($4.9 billion), or 76.7%, of the funds directed to the fixed capital. 7.93 billion manats ($4.66 billion), or 73%, of the funds directed to the fixed capital were spent directly on the implementation of construction and installation works.
The funds of enterprises and organizations accounted for 46.1%, budget funds for 39.3%, personal funds of the population for 6.5%, bank loans for 2.8%, and other funds for 5.3%.