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Investment Expenditures Underperformed?

Finance Minister Sahil Babayev commented on the underperformance of investment expenditures last year.

Grace Lewis
ByGrace Lewis- Senior Editor
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Finance Minister Sahil Babayev stated that last year some investment expenditures were not implemented.

Speaking at a parliamentary session, he said: "The bulk of unused investment expenditures, 334 million manats, consist of loans for projects co-financed with foreign creditors."

He noted that optimistic scenarios are used in forecasting, and fund attraction ensures implementation.

Additionally, the Cabinet of Ministers approved rules for monitoring investment projects.

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Investment Expenditures Underperformed? | Bond.az