About a third of revenues of the State Social Protection Fund (SSPF) in January fell on income from social insurance. Of the 74.6 million manat listed for this purpose, the share of state budget organizations was 18 million manat and private enterprises - 56.6 million manat. Overall, January's income of SSPF was 212 mln.
This created a budget surplus fund of AZN 14.8 million or 7% to the income of the Fund for the reported month. Transfers from the state budget amounted to 137.2 million manat, and other income - AZN 0.3 mln.
The Fund's expenses for January 2012 amounted to 197.2 million manat. For payments to the population there was transferred 195.2 million manat, including payments for pensions - 192.4 million manat, benefits - 2.8 million manat, and other expenses - AZN 2 million.
Recall, the SSPF income and expenses for the year are projected at 2 billion 632 million 695 thousand manats. - 17D-
Economics
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In recent months, an increase in the price of butter has been observed in Azerbaijan. Notably, this is the third price hike within a year. According to consumers, certain brands of butter that cost 19 manats per kilogram at the end of last year are now being sold for 24 manats, marking a nearly 30% increase.
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Azerbaijan has signed an "Agreement on Project Implementation" with China’s BYD Company Limited (BYD) to establish a domestic production line for electric buses, officials announced.
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Russia has reduced its greenhouse gas emissions by more than twofold from the 1990 baseline, Russian Prime Minister Mikhail Mishustin announced at the COP29 climate summit.
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Georgian Prime Minister Irakli Kobakhidze announced that Georgia will present its updated Nationally Determined Contribution (NDC 3.0) by 2025, signaling the country’s renewed climate ambitions during his speech at the COP29 summit in Baku on Wednesday.
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