National economy demonstrates stable growth

By the outcomes of nine months of 2018, the growth rate of the GDP is observed on 6.2 percent level including 4.2 percent n industrial sector, 0.6 percent in construction, 10.8 percent in transport and communication complex, 7.6 percent in trade, 4.9 percent in agriculture and 10.6 percent in service sphere.

The growth rates of production for January – September 2018 increased by 4.6 percent comparing with the same period of 2017.

Retail sale indicator is 19.5 percent higher than in the same period of the last year.

As of October 1 this year, the revenue of the main financial plan is executed by 116.2 percent while the expenditure part is 92.6 percent. The revenue of local budget was 6,228.3 million manats and expenditures – 5,517.2 million manats.

73.3 percent of the State budget was used for financing of social sphere. Average salary wages increased by 9.4 percent comparing with relative period of the last year. Salaries, pensions, state allowances and students scholarships were paid on time and in full volume.

The volume of drawn investments from all sources of financing was 31.3 billion manats for three quarters of the year. The ratio of this indicator against the GDP is 33.4 percent. Investment programme was fulfilled by 104.7 percent. 65.8 percent has been used for construction of production facilities and 34.2 percent for construction of social and cultural objects.