The parliament discussed the income and expenses of the balanced budget of the State Social Protection Fund (SSPF) for 2015. According to forecasts of the Ministry of Finance, they amount to 3,056,285,700 manat (+ 4.37% to the forecast for this year).
More than a third (36% or AZN 1.1 bn) is planned to generate revenue structure by transfers from the state budget. Contributions to the SSPF under compulsory social insurance are projected at 1,950,221,900 manat, including social insurance of employees of budget organizations - 604 062 800 manat.
In the structure of expenses (2 989 179 600 manat) prevail payments to the population, including for pensions - 2,910,511,200 manat and on benefits - 78,668,400 manat.
Expenditure on the central administration and local SSPF is projected at 26.224 million manat.
Recall, income and expenses of the SSPF for 2014 are approved at 2,928,452,000 manat. --17D-
Economics
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review