Extra-budgetary sector employment from January to August, attained a 62.4% mandatory contributions to the State Social Protection Fund (SSPF).
According to the report of this structure, as of July 31 of its budget revenues amounted to 1 billion 534.5 million manat (34.8 million or 2.3% of the forecast), of which 885.4 million - mandatory employer contributions. The share of extra-budgetary units had to 552.3 million manat or 62.4% of social contributions (+21% over the same period last year). This is due to the increase in work with individuals (+48.7%) and the owners of plots of land (36.7%) - said in a press release.
Budget organizations listed in the SSPF by August 1, 333 million manats.
The expenditure budget fund is 1 billion 449.5 million manat (surplus of 85 million). Most of the payments (1 billion 421.3 million or 98.05%) accounted for pensions and social security benefits. Pension aimed directly at 1386.8 million manats.
To the benefits listed 34.4 million manat, almost a third (31.1%), which took advantage of pregnant women and new mothers, 29.8% were for compensation for temporary disability, 15.4% - for funeral services vulnerable population, 23, 7% was spent on other types of benefits.
On wages and strengthening the material-technical base of the State Social Protection Fund allocated 28.2 million manat. - 17D-
Economics
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A detailed review of legislative norms and e-government services across various business environment domains has been prepared and published by the working group of the Business Environment and International Ratings Commission, focusing on electricity network connections.
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The draft law "On Amendments to the Tax Code," adopted in its third reading, provides for tax exemptions on the sale of locally manufactured buses in Azerbaijan and the supply of spare parts for these vehicles. This was reported by the Tax Service under the Ministry of Economy, explaining that the government's initiative aims to support business development in the country by reducing the tax burden. The exemption will come into effect on January 1, 2025, and will remain valid for eight years.
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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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