![SSPF revenues by 56.7 % generated by mandatory employer contributions](https://turan.az/resized/./turan-750-500-resize.webp)
SSPF revenues by 56.7 % generated by mandatory employer contributions
More than half of the revenues of the state Social Protection Fund ( SSPF) from January to October reached the mandatory employer contributions to social insurance.
Received a total of 1 billion 977.9 million manat ( 120.4 million or 12 % compared to October 1 last year ) 1 billion 120.8 million or 56.67 % were exactly at this position ( 411 million on account of budgetary organizations , 709.9 million - the private sector) . The remaining income , with a few exceptions - transfers from the state budget.
State Fund expenses until October 1, amounted to 1 billion 890.5 million manat . On the payment of pensions and allowances directed 1 billion 847.5 million manat (pensions - 1 billion 803.5 million manat , payments on benefits of various types - 44 million manat) . The solid increase to the basic pension was 15 manat , insurance part of pensions in line with the official inflation by the end of 2012 - at 1.1 %.
Thus, the achieved performance of the current budget surplus state fund was in the amount of 87.4 million manat.
Recall that the state fund a balanced budget for 2013 was set at 2 billion 632 million 695 thousand manats. Thus, the fund remained master until the end of the year 742.2 million manat . - 17D-
Economics
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