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Azerbaijan increases amount of funds allocated from state budget for mortgage

Azerbaijan increases amount of funds allocated from state budget for mortgage

02 September 2011 08:20 (UTC +04:00)

According to the fund, in January-August of this year, AZN 14.2 mln was allocated from the state budget for mortgage loans. Overall, this year, it was planned to allocate AZN 14 mln. Note that, this amount is exceeded already in the first 8 months of the year. It should be noted that, Azerbaijan is expected to increase the size of the budget for social mortgage. Deputy Chairman of the Central Bank Aftandil Babayev told APA that while the amendments will be made to budget, the CBA will propose to increase the amount of funds in this sphere.

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