Budget of Azerbaijan’s State Social Protection Fund to increase in 2018

  15 November 2017    Read: 380
Budget of Azerbaijan’s State Social Protection Fund to increase in 2018

Revenues and expenditures of the State Social Protection Fund under the Ministry of Labor and Social Protection of Population of Azerbaijan are forecasted to total 3,578.8 million manats in 2018, said the country’s Minister Salim Muslumov.

He made the remarks at a meeting of the Parliamentary Committee for Labor and Social Policy as part of the discussions on the draft state budget for 2018.

Muslumov said that this figure is 178.8 million manats or 5.3 percent more than the forecasted figure for 2017.

“In the structure of the Fund’s revenues, 63.5 percent or 2.273 billion manats will be accounted for compulsory state social insurance in 2018, which is seven percent more than the figure forecasted for 2017,” noted the minister.

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