Parliament approved the budget for the state fund

Azerbaijani parliament on today's plenary session approved the project a balanced budget of the State Social Protection Fund (SSPF) of the following year. The budget is expected to reach 2 billion 632.695 million manats (180 million compared with the expected implementation of the current budget).

According to Salim Muslimov (fund manager), guided by the proposals of deputies in the deliberations of the last meeting of the Milli Majlis, decided to make partial changes in the document.

Thus, the income on contributions for compulsory social insurance should amount to 1 billion 550 million 161.4 thousand manats (private sector will make 860 million manat).

Transfers from the state budget is expected to reach 1 billion 077 million 33.6 thousand manats, other income - 5.5 million manat.

The expenditure will be more branched. While 97.6% of all costs (2 billion 570.271 million manat) will fall on the payment to the population. Pensions will total 2 billion 500.291 million manat, and welfare benefits - 69.98 million manat.

The maintenance of the central administration and local government in the fund will cost 23.2 million manat, 19.7 million of which will absorb the banking services in connection with the payment of pensions to the population.

Muslimov said that at the suggestion of MPs in two settlements of the Shirvan city and one village in the Neftchala district ATMs were installed for pensioners. At the beginning of next year there will be installed an ATM in Tovuz. - 17D-