In January-November 2024, unemployment insurance premiums in Azerbaijan totalled AZN 183.9 million.This is reported by the State Tax Service under the Ministry of Economy.
According to the data, this is up by 12.4% from the same period of 2023.
Of the 11-month revenues, AZN 139.1 million came from the off-budget sector, which is up by 14.9 % up from a year ago.
This year, the budget of the Unemployment Insurance Fund under the Ministry of Labor and Social Protection is AZN 238 million. Of these, AZN 184.7 million should be formed at the expense of unemployment insurance contributions.
Note that 99.6 % of this amount was collected in the reviewed period.
Finance
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Economic growth in Azerbaijan in 2024 was 4.1% amid a slowdown in the decline in oil production and the effectiveness of Karabakh's reconstruction.This was announced by international rating agency Fitch.
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International rating agency Fitch has once again confirmed the long-term issuer default rating (IDR) of Azerbaijan in foreign currency at the level of ‘BBB -’.This is stated in the agency's statement.
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In December 2024, the State Customs Committee (SCC) transferred 646.45 million manat to the state budget, the SCC’s website. According to the data, this is a 4.4% increase compared to the same period in 2023. In particular, last year, customs duty revenues increased by 20.2% to 158.2 million manat, while VAT (Value Added Tax) revenues decreased by 0.45% to 463.5 million manat. Excise tax revenues increased by 6.2% to 19.55 million manat, and road tax revenues increased by 45.9%, amounting to 5.2 million manat.
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An auction for the placement of interest-bearing, unsecured, undocumented, registered bonds of the non-bank credit organization (NBCO) Embafinans with the code AZ2013020600 ISIN, worth 2 million manat for a one-year term, was held at the Baku Stock Exchange (BSE), the BSE reported.
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