The State Social Protection Fund (SSPF) completed the first quarter with a budget surplus of 25.8 million manat.
According to the Fund, by April 1, its revenues amounted to 751.5 million manat (+ 5.5% versus the same period last year). The largest share of receipts was on compulsory social insurance (410 million manat or 54.6% of total revenues), while 270 million AZN was obtained at the expense of the private sector.
The expenses were at the level of 725.7 million manat, of which 97.6% was for pensions and another 0.4% was for the payment of benefits.
By April 1, 2015 the number of labor pensioners in Azerbaijan amounted to 1 million 293.2 thousand people. The number of contributors to the mandatory social insurance (employees and private traders) was at the level of 3 million 041.8 thousand people. --17D-
Economics
-
Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
-
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.
-
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.
-
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.
Leave a review