Tashkent, Uzbekistan (UzDaily.com) -- In January-December 2019, 189.92 trillion soums of investments in fixed assets were disbursed in Uzbekistan, of which 70.7% or 134.33 trillion soums were financed from borrowed funds, and the remaining 29.3% or 55.59 trillion soums were financed from the own funds of enterprises and the population, according to the Uzbek State Statistics Committee said in a report.

As a result of the ongoing reforms in the year of active investment and social development, the volume of investment in fixed assets increased sharply and, compared to the previous year, reached 33.9%.

In January-December 2019, according to the sources of financing, 50.68 trillion soums of investments in fixed assets, or 26.6% of their total volume, were disbursed at the expense of centralized sources of financing, which is more than in the same period last year, by 3.1 percentage points

Accordingly, in January-December 2019, 139.23 trillion soums of investments, or 73.4% of their total volume, were disbursed from non-centralized sources of financing, which is 3.1 percentage points less than in the same period last year.

At the expense of own funds of enterprises and organizations, 39.29 trillion soums of investments in fixed assets, or 20.7% of their total volume, were disbursed. 16.3 trillion soums of investments, or 8.6%, were disbursed at the expense of the population.

At the same time, at the expense of bank loans and other borrowed funds, 24.85 trillion soums were disbursed (13.1% of the total investment in fixed assets, and this figure, compared to last year, decreased by 4.7 p. p.), loans under the guarantee of the Republic of Uzbekistan reached 27.86 trillion soums (14.7% increased by 0.9 p. p.), non – guaranteed and other foreign investments and loans – 21.61 trillion soums (11.4% increased by 8.3 p. p.), Reconstruction and development Fund – 6.51 trillion soums (3.4% decreased by 3.0 p. p.), republican budget – 14.51 trillion soums (7.6% decreased by 1.1 p. p.), Fund for the development of water supply and sewerage systems – 1.76 trillion soums (0.9% increased by 0.3 p. p.) and Fund for the development of physical culture and sports - 31.3 billion soums.

The highest indicators and growth rates of sources of financing investments in fixed assets were observed in non-guaranteed and other foreign investments and loans, which, compared to last year, increased by 4.1 times. Similarly, there was a high growth rate in investments financed by foreign direct investment – the increase by 3.6 times is due to major investment projects, in particular, such as additional exploration and development of the “Mustakillikning 25 yilligi” field with the construction of a gas-chemical complex under the terms of a production sharing Agreement, geological exploration and development of oil and gas fields in the investment blocks of the Republic of Uzbekistan (Kultak-kamashinsky, Mubarek, Surkhan, Ashibulak and Koskudyk, West Ferghana investment blocks), organization of production of cement, textiles, etc.

At the expense of non-guaranteed foreign loans, major projects are being implemented, such as work under the program to increase hydrocarbon production in 2017-2021, and the production of basalt stone slabs.

In the territorial section of fixed investment, the highest growth rates were recorded in Jizzakh region - 95.2% more than last year. This result was achieved through the construction of a cement plant. Along with this, high growth rates were observed in Syrdarya region, 194.3% compared to the previous year. This result can be explained by the gradual modernization of the Syrdarya TPP power units. The increase in investment by 167.1% compared to last year in the Khorezm region is primarily related to the rehabilitation of the main irrigation channels of the Tashsakin system.

The city of Tashkent is still the leader in the regional section, which is 21.8% of the total investment in fixed assets. Accordingly, in Kashkadarya and Navoi regions, this figure reached 12.4 and 9.4%.

Despite the high growth rates, the share of investments in fixed assets in the total volume in the Republic was the lowest in Syrdarya and Khorezm regions - 3.2% and 2.9%, respectively.

In the technological structure of investments in fixed assets in the Republic of Uzbekistan, 93.36 trillion soums were allocated for machinery, equipment and inventory, which accounted for 49.2% of their total volume, investments in construction and installation works reached 82.34 trillion soums (a share in the total volume of 43.3%) and other expenses – 14.21 trillion soums (7.5%).

The highest share of construction and installation works in the total investment in fixed assets was observed in Surkhandarya region – 61.8%, or 7.56 trillion soums.

The lowest level of this indicator was recorded in Jizzakh region - 32.2%, or 2.54 trillion soums, and, accordingly, this region recorded the highest share of expenditures on machinery, equipment and inventory – 65.5%, or 5.19 trillion soums.

Most of the investments in fixed assets in the reporting period were directed to new construction, the volume of which reached 101.8 trillion soums, which was 53.6% of the total investment volume.

Investments in expansion, reconstruction, modernization and technical re-equipment of existing facilities made up 5.45 trillion soums, or 28.7% of their total volume. The remaining 17.7%, or 33.59 trillion soums, were implemented in other areas.

As a result of additional exploration and development of the “Mustakillikning 25 yilligi” field with the construction of a gas chemical complex under the terms of a production sharing Agreement, the largest share of investments directed to new construction was noted in Surkhandarya region, which amounted to 68.9% of their total volume.

The lowest level of this indicator in that period was recorded in Jizzakh region, which amounted to 26.4%.

Manufacturing industry prevails in the structure of investments by type of economic activity. 51.43 trillion soums, or 27.1% of the total investment in fixed assets, were disbursed at the expense of all sources of financing in this sector. Three types of activity are leading in the manufacturing industry:

- production of textile products – 10.72 trillion soums (share in total investment in fixed assets 5.6%);

- production of other non-metallic and non-mineral products – 8.99 trillion soums (4.7%);

- metallurgical industry – 8.95 trillion soums (4.7%).

In January-December 2019, total of foreign investments and loans of US$12.1 billion were disbursed, of which 81.0%, or US$9.8 billion, were included in fixed capital.

Of the total amount of foreign investments and loans disbursed, 42.4%, or US$5.1 billion amounted to foreign direct investment, including fixed capital - US$4.2 billion.

In January-December 2019, 86.65 trillion soums, or 45.7% of the total investment in fixed assets, were foreign investments and loans.

In the total structure of foreign investments and loans, foreign investments reached 42 799.1 billion soums and, accordingly, 43.85 trillion soums are accounted for by foreign loans.

Foreign direct investment and loans in the current period made up 37.17 trillion soums, foreign loans under the guarantee of Uzbekistan – 27.86 trillion soums, other foreign investments and non-guaranteed loans – 21.61 trillion soums. The growth rate of foreign investments and loans increased by 2.5 times compared to the same period last year.

In the manufacturing industry, a significant amount of foreign investments and loans was disbursed, which reached 28.85 trillion soums or 33.3% of their total volume. Also, in its composition, there were high indicators for the production of textile products – 9.0% or 7.79 trillion soums, non-metallic non-mineral products – 7.6% or 6.61 trillion soums, chemical products-5.3% or 4.59 trillion soums.

In such activities as electricity, gas, steam, and air conditioning, 16.73 trillion soums of foreign investments and loans were disbursed or 19.3% of their total volume.

In the mining industry, this figure amounted to 15.12 trillion soums, or 17.5% of the total volume of foreign investments and loans.

In total, in January-December 2019, 14.48 million square meters of housing were introduced, which was 19.9% higher compared to the previous year, of which 11.8 million square meters or 81.5% of their total volume were introduced by individual constructions, 1.37 million square meters or 9.5% of their total volume – houses built according to typical projects and 1.31 million square meters or 9.0% of their total volume – houses built by other legal entities.

In total, 18.69 trillion soums of investments in fixed capital for housing construction were disbursed, including 182.7 billion soums from republican budget, 56.2 billion soums from enterprises and organizations, 10.68 trillion soums from the population, and 77,65 trillion soums from other sources of financing.

In total, 4285.5 km of water supply networks, 78.6 km of gas networks and schools for 11408 students were introduced in the Republic.

In total, 2.45 trillion soums of investments were spent on the construction of water supply networks, 4.6 billion soums for gas networks and 1.3 trillion soums for schools.

In total, 1996.2 billion soums of investments were spent on the construction of pre-school educational institutions and educational institutions for 53,580 places.