Bank Of Baku

Azerbaijan sees 11% decline in negative balance on incomes

 Azerbaijan sees 11% decline in negative balance on incomes
# 01 April 2013 13:31 (UTC +04:00)

 

Balance of payments on income in 2012 amounted to $4,326.5 mln, down 11.0% compared to 2011. So, the payments from Azerbaijan on the incomes exceed the payments from abroad by 5 times.

 

Most of the payments went to repatriations of income of international oil-gas consortiums’ foreign investors ($ 4.2 bn) salaries of non-residents ($ 180.4 mln) and paid interests for foreign loans ($ 331.7 mln).

 

$4,128.4 mln or 95.4% of negative balance of payment on income fell to share of oil0gas sector, AZN 198.1 mln or 4.6% - other sectors. The payments on oil-gas sector exceeded the revenues by 21.9 times. That ratio made 22.3% on other spheres. 

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