State Social Protection Fund of Azerbaijan sees growth in revenues

  15 January 2022    Read: 892
State Social Protection Fund of Azerbaijan sees growth in revenues

The income of the Azerbaijani State Social Protection Fund amounted to 5.1 billion manat ($3 billion) in 2021, which is 9 percent or 429 million manat ($252.3 million) more than in 2020, AzVision.az reports citing the Fund.

According to the agency, over 3.8 billion manat ($2.2 billion) fell on mandatory state social insurance contributions in the Fund's income, which is 290.2 million manat ($170.7 million) or 8 percent more compared to the same period in 2020.

The SSPF expenditures for 2021 totaled 4.8 billion manat ($2.8 billion), which is 132 million manat ($77.6 million) or three percent more compared to the previous year. 


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