Total funds allocated for reconstruction of Garabagh will exceed 9 billion dollars

Total funds allocated for reconstruction of Garabagh will exceed 9 billion dollars
# 23 November 2023 11:50 (UTC +04:00)

So far, 7 billion dollars from the state budget have been spent on the reconstruction and restoration works in the liberated territories of Azerbaijan and it is planned to allocate 2.4 billion dollars for the next year, said Mikayil Jabbarov, the Minister of Economy of the Republic of Azerbaijan during his speech at the 18th meeting of the SPECA Governing Council, APA-Economics reports.

The minister also added that Azerbaijan's direct foreign debt is around 10 percent of GDP. Azerbaijan's foreign exchange reserves exceed its direct foreign debt 10 times.

"In the last 20 years, total investments have exceeded 300 billion dollars, 190 billion dollars have been invested in the non-energy sector," Mikayil Jabbarov added.

#
#

THE OPERATION IS BEING PERFORMED