Ministry: Investments to Azerbaijani economy to decline by 19%

Baku. 18 November. REPORT.AZ/ Fixed capital investments in 2017 are estimated AZN 15.3 billion, which features 18.6% decline in comparison with 2016.

Report informs referring to report on economic and social development and forecasting indicators for 2017 and following three years, developed by Ministry of Economy.

39.6% of total investment is forecasted to come from internal, 60.4% from external funds.

Estimated public investments for 2017 amount AZN 4.3 billion (29.5%), private investment – AZN 10.8 billion (70.5%).

Notably, estimated fixed capital investments for 2016 are AZN 18.8 billion, including 57.8% from internal, 42.2% from external resources.

AZN 10.8 billion is planned to be directed to non-oil sectors. Private sector is forecasted to invest AZN 11.0 billion this year, which equals to 58.2%. Contribution of public sector in 2016 will amount 7.9 billion or 41.5% of total investments.