Azerbaijan spends over $2 billion on reconstruction in liberated areas

Azerbaijan’s liberated areas spending decreases

Between January and September 2024, Azerbaijan spent 3,604,307,000 manats (approximately $2.1 billion) on construction and installation work in the liberated regions.

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According to calculations by APA-Economics based on a report from the State Statistics Committee, this figure is 6.9%, or 266.3 million manats ($156.6 million), less than the amount spent during the same period last year. From January to September 2023, 3,870,597,000 manats ($2.3 billion) were allocated for construction and installation work in the liberated regions.

Notably, during the reporting period, the highest allocations went to the Kelbajar region—797,437,000 manats (around $469.08 million), the Aghdam region—527,112,000 manats (around $310.065 million), and the Lachin region—567 million 497 thousand manats (around $333.821 million).

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It is expected that by the end of this year, around 20,000 people will return to the cities of Jabrayil, Kalbajar, Khankendi, Khojaly, and Shusha

From January to September 2024, 12,711,000,000 manats (around $7.5 billion) were allocated to Azerbaijan’s fixed capital, with 9,193,000,000 million manats (around $5.4 billion) spent on construction and installation work. During this period, the funds spent on construction and installation work in the liberated territories accounted for 39.2% of the total funds allocated for reconstruction work throughout the country.

Azerbaijan’s liberated areas spending decreases