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Azerbaijan spends AZN 546 mln to state investment expenses in Q1

13 April 2011 09:23 (UTC +04:00)

Baku. Nijat Mustafayev - APA-Economics. Azerbaijan has spent AZN 546 mln to state investment expenses in January-March, 2011, said the Minister of Finance Samir Sharifov at the meeting on outcomes of socio-economic development in Q1, 2011.

According to him, AZN 78 mln was spent to the constructions and reconstructions of objects for health, culture, sport and other social-culture and household: â€œAZN 9.4 mln went to construction of social objects for War invalids, martyrs’ families and AZN 5.5 mln to construction of sport complexes in the regionsâ€.

Minister also noted that, AZN 363 mln had spent to the construction and reconstruction of energy, water supply, transport, communal, melioration infrastructures, including AZN 144 mln to road-transport infrastructure, AZN 24 mln to stations of Baku Metro, AZN 17 mln to increase of Bakuelektrikshebekeâ€™s authorized capital, AZN 10 mln to restoration of drinking water and irrigation-drainage infrastructure, AZN 20 mln to the implementation of State Program on the establishment and development of cosmic industry, AZN 143 mln to AZAL and AZN 5 mln to financing of other governmental measures.

Besides, Azerbaijan has borrowed AZN 206 mln loan for construction and reconstruction of road and water supply and melioration, agriculture, social and other infrastructures.

At the same time, the president has signed orders on allocation of AZN 31 mln from Presidentâ€™s Reserve Fund: â€œAZN 14.3 mln was allocated to the financing of governmental measures which not considered before and AZN 7 mln was usedâ€.