Reconstruction of liberated territories: Over 3.1 billion manats allocated in 2024

Following the restoration of its sovereignty, Azerbaijan has initiated a comprehensive program of reconstruction and restoration in the territories liberated from occupation. Under direct guidance from the state administration, these efforts have been designated as a governmental priority. The state is strategically utilizing all available resources to revitalize these long-occupied regions. Presently, the focus is on establishing an economy that meets modern standards in Garabagh and Eastern Zangazur, with construction in these areas adhering to the most advanced practices.

Of course, efficient use of financial resources is essential for implementing all these projects. It should be noted that after the war, the funds allocated to be spent by the end of this year amount to 19 billion manats. This year, 4 billion 855.8 million manats were allocated from the state budget for the restoration and reconstruction of the liberated territories. According to the Ministry of Finance, this amount represents 64.6 percent of the allocated funds.

Additionally, during the first nine months of the current year, the government of Azerbaijan allocated 3 billion 137.6 million manats for the reconstruction and restoration of the liberated territories. Out of this, 1 billion 728.9 million manats were financed based on orders given by executives for state capital investment expenses, which is equal to 61.4 percent of the expenses intended for that purpose in the current year, and represents an 8.8 percent increase compared to the same period last year.

It should be emphasized that most of the funds were directed toward infrastructure projects. These projects have reached a significant scale, with 3,000 kilometers of highways constructed. Among the overall projects, 45 tunnels are planned, totaling 70 kilometers in length. Building these tunnels and roads in mountainous areas is no easy task, and the construction of 450 bridges is also planned. Additionally, two international airports have been commissioned.

In parallel, substantial funds have been allocated for the return of former displaced persons. The "Great Return" Program, approved by the Decree of the President on November 16, 2022, is being successfully implemented. Moving forward, important steps are being taken to develop the liberated territories and promote their rich natural potential worldwide. Every village and city that is built serves as a testament to the economic strength of the state.

President Ilham Aliyev stated at the swearing-in ceremony on February 14 that the first stage of the "Great Return" program will be completed by the end of 2026, with 140,000 displaced people expected to return to their ancestral lands. He emphasized that alongside this, all social infrastructure—including hospitals, schools, and sports facilities—will be built. More than 130 tunnels and bridges, including 40 tunnels and 90 bridges, are under construction, highlighting the scale of the work. The entire electricity industry has been rebuilt, railways are being constructed, and two international airports have opened, with a third planned for Lachin. Extensive construction work will continue, including new houses for the displaced that comply with modern urban planning standards, while restoring the historical character of our cities.

As a result of successful socio-economic policies, the diversification of the economy is progressing. Current statistical indicators show that Azerbaijan's economy is growing. According to the report from the State Statistics Committee, the economy grew by 5 percent during January-September of this year. Thus, in the first nine months of 2024, the gross domestic product (GDP) reached 92 billion 829.5 million manats, reflecting a 4.7 percent increase compared to the same period last year.

In the past year, added value in the oil and gas sector increased by 0.9 percent, while the non-oil and gas sector grew by 7.1 percent.

The composition of GDP includes 37.1 percent from industry, 9.6 percent from trade and vehicle repair, 7 percent from transport and warehousing, 6.4 percent from agriculture, forestry, and fishing, 6.3 percent from construction, 2.4 percent from tourist accommodation and public catering, 1.8 percent from information and communication sectors, and 19.2 percent from other sectors. Net taxes on products and imports accounted for 10.2 percent of GDP. During the reporting period, the GDP per capita was 9,103 manats.

In conclusion, Azerbaijan is actively pursuing a comprehensive reconstruction and restoration agenda in the territories liberated from occupation, prioritizing these efforts under direct government guidance. Significant financial resources are being allocated to infrastructure development, with over 19 billion manats earmarked for various projects, including roads, bridges, and social facilities. The successful implementation of the "Great Return" Program aims to resettle displaced persons, further revitalizing these regions. Economic indicators reflect a positive trajectory, with GDP growth and diversification efforts showing promise in both oil and non-oil sectors. Overall, Azerbaijan's commitment to modernizing its economy and restoring its territories is poised to yield long-term benefits for its citizens and contribute to national prosperity.