Despite the fact that over the 10 months of this year, employers have submitted to the State Social Protection Fund additional lists of 190,000 employees, revenues of the State Fund remain the same, said the chairman of the State Social Protection Fund of Azerbaijan Salim Muslimov . Monthly income is not more than 75 mln.
According to him, the reason lies in understating the maximum ceiling of payment. Most of the employers indicate salary, barely exceeding 93.5 manats. The fund has no leverage authentication of documents, but the labor market studies show that on a salary now will not live.
Speaking about financing SSPF for next year, he said that only for the needs of seniors with experience of earned rest for more than 15 years (394 thousand people) in 2013 will be allocated 770.66 million manat. The feature of their funding is that they retired before January 1, 1997, and the law "On Social Security" was adopted later. It is projected that in the next year, the average pension will be 163 manat per month.
Additions to the labor retirement pension will cost the budget more than 260 million manats. This category includes retired civil servants, including members of the Central Executive Committee and members of the judiciary, as well as judges, prosecutors, other law enforcement agencies (about 60 thousand).
The increase in the basic part of labor pensions regards Azerbaijani national heroes, the families of national heroes, members of families of veterans of Karabakh and World War II, disabled veterans and victims of political repression and subsequently rehabilitated citizens will require about 49 million manat.
Basic pension of invalids of the first group will increase by 20% of visually impaired people (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, and the total budget deficit is expected to reach 2.63 billion manat. - 17D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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