More than half of the revenues of the State Social Protection Fund (SSPF) in January-May amounted to compulsory employer contributions to social insurance.
There was received a total of 1 billion 091.8 million manat and 594.6 million or 58.3% was exactly on this position (216.1 million occurred in the budgetary organizations, 378.5 million - in the private sector). The remaining income (with a few exceptions) was transfers from the state budget.
The State Fund expenses before June 1 totaled 1 billion 030.9 million manats. For pensions there was directed AZN 1 billion 12.3 million. Payments for benefits for various purposes were 23.7 million manats.
Thus, the achieved performance of the current budget surplus of the state fund was in the amount of 60.9 million manat.
Recall that the state fund's 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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