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
-
Azerbaijan’s economic growth is expected to continue in the coming years, although forecasts from ING Group and the United Nations (UN) present slightly differing views on the pace of recovery. ING Group, the largest banking institution in the Netherlands, predicts modest growth in Azerbaijan’s gross domestic product (GDP), while the UN offers a more optimistic outlook.
-
The average age of taxi cars in Azerbaijan has dropped from 15 to 7 years, according to a statement from the Azerbaijan Ground Transport Agency (AYNA), which attributes this change to the implementation of reforms.
-
Kazakhstan has bolstered its position in international grain markets by resuming exports to Iran and Azerbaijan, according to the country’s Ministry of Agriculture.
-
In recent years, Azerbaijan has quietly fostered a vibrant startup ecosystem that is beginning to make waves on the international stage. From digital education platforms to innovations in agrotechnology, these startups reflect the country's growing embrace of technology and entrepreneurship. A combination of government support, international collaboration, and bold entrepreneurial vision has propelled several Azerbaijani ventures into the global spotlight.
Leave a review