Azerbaijani parliament on today's plenary session approved the cost of living for the next year in the amount of 116 manats. This represents an 8 manat (7.4%) more than in the year. For the workforce it will be 125 manats (AZN 9 compared with this year), for pensioners - 94 manat (10), for children - 93 manat (+6).
According to experts, the President will approve this bill far from the realities.
Parliament also approved the "criterion of needs" for next year. This means that citizens with incomes below 93 manat (AZN 9 higher than this year), will be eligible for social aid.
Today, this kind of government assistance (effective from January 1, 2006) is used by about 127 thousand people. - 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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