Azerbaijani parliament adopts State Social Protection Fund’s 2018 budget
In the Fund’s revenues for 2018, 63.5 percent or 2,273 million manats will account for transfers on mandatory state social insurance, which is 7 percent more than the forecast for 2017.
Social payments to population are expected to total 3,495 million manats (97.7 percent of all expenditures). Payments on labor pensions will increase by 193.2 million manats, while payments through premiums on mandatory social insurance will decrease by 16.3 million manats, and other expenditures will rise by 1.9 million manats.
It is planned to send 97.5 percent or 3,407 million manats of all payments to the payment of labor pensions to the population in 2018.