New Year's greetings to pensioners were reported by the State Social Protection Fund, with the early completion of the financing of the regional offices.
According to the State Fund, its revenues by 1 December amounted to 2 646.5 million manat (+ 8.3% over the same period last year). Income from compulsory social insurance amounted to 1 billion 537 million manat (+ 9.9%). The share of the private sector was more than a third - 999.5 million manat (+ 13.4%).
SSPF expenses in January-November 2014 amounted to 2 619.4 million manat, of which 2 568 300 000 manat or 98% was directed to the payment of pensions and benefits.
As of December 1, 2014 the State Social Protection Fund registered 1,290,092 labor pensioners. At the same time pension on seniority is received by 60.8% of total labor pensioners, pension on disability – by 28.3%, pension on the loss of breadwinner - 10.9%. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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