In 2015, 60 thousand privileged pensioners (government officials, judges, prosecutors, other law enforcement agencies - about 60 thousand) on average will receive 791.67 manats a month. State only for that purpose, according to the program of pension reform until 2015, will allocate about 570 million manat. For comparison - in the budget for 2013 the year provided 262 million manats.
Speaking to reporters at the international conference on "Azerbaijan 2020: Looking to the future," Chairman of the State Social Protection Fund (SSPF) Salim Muslimov, the concept of pension reform, to be developed by the government - a strategy document. SSPF is to become a full participant in the financial market in the long term, after which inevitably separation of financial flows through the pension system. If today the Fund's budget deficit, concept development will lead to the state fund that will earn money through multiple channels, including the greater honesty of employers hiding data on the number of employees and their salaries.
By 2015 and more than double the basic part of labor pensions Azerbaijani national heroes, the families of national heroes, members of families, veterans first Karabakh and World War II, disabled veterans and victims of political repression and subsequently rehabilitated citizens - for the next year would require about 49 million manat.
In addition, next year the basic pension invalids of the first group will increase by 20%, the visually impaired (also the first group) - 100%. This is 12.5 million manat.
As noted at the session of the Parliament of Azerbaijan, the forecasts of the transfer to the SSPF budget identified AZN 1 billion 77 million, the total budget deficit is expected to reach 2.63 billion manat.
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Economics
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Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
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S&P Global Ratings has revised its risk assessment of Azerbaijan’s banking sector, upgrading the outlook from "stable" to "positive."
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In recent days, there have been claims that bread prices in Azerbaijan have risen. Social media users report that the price of bread has increased by 5-10 qepiks. According to consumer complaints, it is difficult to find weight information on factory-produced bread, commonly known as "zavod çörəyi" in Azerbaijan. In many cases, bread packaging does not include weight details. Similarly, bread sold at smaller bakeries and tandir houses often lacks information apart from the price.
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A trilateral meeting of the foreign ministers, transport ministers, energy ministers, and heads of customs services of Russia, Iran, and Azerbaijan is set to take place soon to discuss the progress of the Rasht-Astara railway project, a key element of the International North-South Transport Corridor (INSTC). This was announced by Iran’s Ambassador to Russia, Kazem Jalali.
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