Azernews.Az

Roughly 10.4 billion manat from all financial sources in Azerbaijan was invested in the development of economic and social spheres in January - August 2013, which is 22.7 percent more than during the same period in 2012.

The Azerbaijani State Statistics Committee reported that the volume of investments in construction work increased by 35.4 percent, reaching 6.860.4 billion manat (66.1 percent of the total volume). Some 5.2 billion manat was invested in the construction of production facilities and non-production facilities.

Also, 74.8 percent of the total investment accounted for domestic investments, which increased by 16.3 percent during the year. Most domestic investments (78.5 percent) accounted for state enterprises and organizations, and 21.5 percent - for private enterprises.

Around 4.309.3 billion (41.5 percent of a total volume of investments) was invested in fixed assets at the expense of enterprises and organizations, 552.7 million manat (5.3 percent) - bank loans, 4.864.7 billion manat ( 46.9 percent) - budgetary funds, 370.7 million manat (3.6 percent) - non-budgetary funds, 225.3 million manat (2.5 percent) - personal funds of the population and 26.1 million manat (0.2 percent) - other funds.

About 70.7 percent (7.336.6 billion manat) of investments in fixed capital focused on the development of non-oil sector, while 3.042.2 billion manat (29.3 percent) was invested in the oil sector. Capital investments in the non-oil sector increased by 19 percent, while in the oil sector - by 32.6 percent.