BAKU, Azerbaijan, February 24. Allocation of
more than 26 billion manat ($15 billion) from the state budget of
Azerbaijan alone, including 2026, will be secured for the
restoration of liberated territories, Vugar Bayramov, MP, a member
of the Parliamentary Committee on Economic Policy, Industry, and
Entrepreneurship, said at today's plenary session of parliament,
Trend reports.
According to him, like all settlements liberated under the
leadership of President of Azerbaijan Ilham Aliyev, Khojaly is
being rebuilt and developed. Over 4,000 residents have already
settled in the district, including Khojaly city and seven
villages.
The MP noted that in Karabakh and Eastern Zangazur, where more
than 75,000 citizens live and work, another 80,000 people, that is,
over 150,000 citizens, are expected to live and work in the
liberated territories by the end of this year.
"After the victory, nearly 23 billion manat ($13.5 billion) has
been allocated for the restoration of Karabakh and Eastern
Zangazur, and a total of 3.7 billion manat ($2.2 billion) is
planned to be allocated for this direction, including in 2026. This
means that over 26 billion manat (about $15.3 billion) will be
allocated from the state budget for the restoration of the
liberated territories. This funding will cover the reconstruction
of infrastructure, the construction of residential buildings for
settlement, as well as the restoration and reconstruction of
infrastructure related to the provision of social and communal
services," he explained.
The MP emphasized that Karabakh and Eastern Zangazur have the
potential to form a 10% share in Azerbaijan's economy.
"This indicates that in the coming years, Karabakh and Eastern
Zangazur will contribute more than 15 billion manat ($8.8 billion)
in additional value to the national economy, showing that the
economic potential of the liberated territories is quite high,"
Bayramov noted.
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