Azerbaijan Government Purchases Decrease by 6.8%

7,772 competitive public procurement transactions were carried out in Azerbaijan in 2016, which is 6.8% less than in the previous year, according to the Ministry of Economy.

The total amount of procurement contracts was 1.7 billion manat that is 129.5 million, or 7.1% less than the estimated cost. Compared with 2015, the volume of procurement on a competitive basis increased by AZN 379 million, or 28.5%. The savings increased by AZN 75.8 million last year.

The bulk of the purchases were carried out by a quotation poll – 5,766. They accounted for contracts totaling 121 million manat or 7.1% of the total volume of tenders in 2016.

At the expense of state budget, 6,831 competitive procurement transactions were carried out for a total contract amount of 1.4 billion manat. 95.2 million manat of state budget money was saved, according to the Ministry of Economy. - 08D--

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