State Social Protection Fund (SSPF) in January-September had a budget surplus of 13.7 million or 0.64% of the Fund's income.
According to the report, the income by October 1 totaled 2 billion 152.2 million manat (+ 8.8% per year). Most came from income from compulsory social insurance - 1 billion 243.5 million manat (+ 11%), of which 810.6 million manat or 65.2% was the share of the private sector (+ 14.2%) .
Fund expenses by 1 October were at the level of 2 billion 138.5 million manat, of which 98.1% financed the pensions and benefits.
Milli Majlis and the President approved a non-deficit budget this year at 2 billion 928,452,000 manat. --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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