More than half of the revenues of the state Social Protection Fund (SSPF) in January-April amounted to compulsory employer contributions to social insurance. Received a total of 874.6 million AZN 463.8 million or 53.03% were exactly at this position (167.9 million occurred in the budgetary organizations, 295.9 million - to the private sector). The remaining income (with a few exceptions) - transfers from the state budget.
The share of non-budgetary institutions was the most (63.8%) of the total compulsory social security revenues.
State Fund expenses in the first quarter amounted to 821.9 million manat. On payment of pensions aimed 789.5 million manat. Payments for benefits for various purposes amounted to 18.7 million manat.
Recall that the state fund a balanced budget for 2013 was set at 2 billion 632 million 695 thousand manats. - 17D-
Economics
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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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