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Infrastructure projects to be mostly financed through domestic resources in Azerbaijan

Infrastructure projects to be mostly financed through domestic resources in Azerbaijan

04 November 2009 15:24 (UTC +04:00)

Baku. Vahab Rzayev - APA-ECONOMICS. Azerbaijan will carry out infrastructure projects mainly through internal financial resources in the coming years.

According to the draft public investment program for 2010-2013, AZN 2 554 million will go to infrastructure projects (AZN 668 million or 26.2% from foreign loans) in 2010.

As you can see, the volume of domestic resources for infrastructure projects as from 2011 will begin to decline, and the volume of external loans will remain at the same level.

This can be explained by the limited capacity of the state budget compared to previous years and the plans for funding primarily social projects.

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