SSPF to increase revenues and expenditures by AZN 229M

  17 February 2016    Read: 1210
SSPF to increase revenues and expenditures by AZN 229M
Revenues and expenditures of the State Social Protection Fund makes AZN 3,307,360,000 in the revised state budget for 2016, up AZN 228,789,900 from approved budget, AzVision.az reports citing to draft amendments to the law on "State Budget of Azerbaijan for 2016".
SSPF’s receipts from compulsory state social insurance premiums are forecasted to make AZN 2,054,990,000, from budget-funded enterprises – AZN 658,000,000, from employees of budget-funded enterprises – AZN 89,750,000 and from other insurers – AZN 1,294,740,000.

Allocations from the state budget, that’s transfers are forecasted at AZN 1,246,000,000 while it was AZN 1.1 bln.

Expenditures are planned to make AZN 3,238,950,000 on payments to population, as well as AZN 3,136,100,000 on pensions, AZN 102,850,000 on benefits from compulsory state social insurance premiums, AZN 22,000,000 on losing ability of working, AZN 15,270,000 on unemployment, AZN 21,000,000 on pensions and banking operations and etc.

The revenues of the Fund in the approved budget had made AZN 3,078,570,100, expenditures - 3,078,570,100.

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