The forecast of revenues and expenditures of the balanced budget of the State Social Protection Fund ( SSPF ) of Azerbaijan for 2014 amounted to 2 billion 928.5 million manat (+11.2 % compared with the data of the year ) .
Less than half (39 % or 1 billion 142 million manats ) SSPF revenues will be generated by transfers from the state budget . Contributions to the state fund of social insurance of employees of budgetary institutions is projected at 541.3 million manat (up 6.1%) .
The remaining revenues of the fund will be provided by contributions for social insurance from the private sector and other income.
Revenues and expenses SSPF for 2013 were approved at 2 billion 632 million 695 thousand manats. - 17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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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.
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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.
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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.
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