Volume of investments into fixed capital makes up US$1.97bn

Tashkent, Uzbekistan (UzDaily.com) -- In January-March 2011, the volume of utilized investments in fixed capital in Uzbekistan in dollar equivalent made up US$1.97 billion or grew by 7.5% year-on-year, the State Statistics Committee said.

In January-March 2011 the volume of utilized investments in fixed capital in national currency was 3.276 trillion soums.

Some 2.3 trillion soums of investments (70.2% of their total volume) were used in production branches of the economy, and 976 billion soums (29.8%) – in non-production branches.

The committee said that foreign investment and credits made up 30% in total volume of utilized investments into fixed capital and resources of enterprises and population – 51.4%.

Share of the State Budget of Uzbekistan made up 4.4%, the Fund on Land-Reclamation – 0.3%, loans of banks and other credit resources – 10.3%, and resources of off-budget funds, including Fund of Reconstruction and Development, - 3.6%.

The committee noted that state enterprises used investments for 593.2 billion soums, while non-state enterprises – 2.683 trillion soums.

About 23.1% of investments, used by the state enterprises, fell to share of the State Budget, 39.5% - own resources of enterprises and population, 13.3% - off-budget funds, and 20.1% - foreign investments and loans.

About 54.1% of investments, utilized by non-state sector, fell to share of own resources of enterprises and population and 32.1% - foreign investments and loans. Share of loans of banks and credit resources made up about 12%.

Largest share of foreign investments and loans were directed to transport and communication (66.3%) and fuel-energy industries (14.6%).

The use of foreign investments and credits in separate branches of economy in 1Q 2011