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Month: November 2024
Azerbaijan’s liberated areas spending decreases
Between January and September 2024, Azerbaijan spent 3,604,307,000 manats (approximately $2.1 billion) on construction and installation work in the liberated regions.
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According to calculations by APA-Economics based on a report from the State Statistics Committee, this figure is 6.9%, or 266.3 million manats ($156.6 million), less than the amount spent during the same period last year. From January to September 2023, 3,870,597,000 manats ($2.3 billion) were allocated for construction and installation work in the liberated regions.
Notably, during the reporting period, the highest allocations went to the Kelbajar region—797,437,000 manats (around $469.08 million), the Aghdam region—527,112,000 manats (around $310.065 million), and the Lachin region—567 million 497 thousand manats (around $333.821 million).
From January to September 2024, 12,711,000,000 manats (around $7.5 billion) were allocated to Azerbaijan’s fixed capital, with 9,193,000,000 million manats (around $5.4 billion) spent on construction and installation work. During this period, the funds spent on construction and installation work in the liberated territories accounted for 39.2% of the total funds allocated for reconstruction work throughout the country.
Azerbaijan’s liberated areas spending decreases