In 2017-19 it is expected to invest in the basic direction of the economy 12 billion 688 million 141 thousand manats. According to the government, in a relatively short term, more than half (6 billion 997 million AZN) will be spent from the state budget, foreign loans of 2 billion 654 million will be received and 3 billion 37 million 141 thousand mantas will be spent from the State Oil Fund.
Once again is declared the highest priority of infrastructure projects, which are planned to spend 10 billion 799 million 61 thousand manats, including more than half of it - 5.64 billion at the expense of budget expenditures.
In the segment of social security will be invested, according to preliminary calculations, 1 billion 244,900,000 and in the defense and security services - 3 billion 262,360,000 manats.
The investment program of 2017 is presumably estimated at 4 billion 521 million 885 thousand, in 2018 - 4 billion 824 960 000, in 2019 - 3 billion 341.3 million manats. --17D-
Economics
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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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