Azerbaijani State Social Protection Fund Boosts Expenses On Population Payments For 2024
Date
6/25/2024 5:20:51 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 25. The budget of the
State Social Protection Fund of Azerbaijan for 2024 has increased
expenses on payments to the population, Trend reports.
This issue is reflected in the amendments to the law of
Azerbaijan, "On the budget of the State Social Protection Fund for
2024", which were discussed today at a meeting of the Azerbaijani
parliament.
According to the amendments, these expenses have been increased
from 6.68 billion manat ($3.93 billion) to 6.7 billion manat ($3.94
billion) .
At the same time, expenditures on labor pensions are increased
from 6.5 billion manat ($3.82 billion) to 6.52 billion manat ($3.84
billion), expenditures on co-financing the activities of the body
(institution) determined by the relevant executive authority for
organizing social services for the population, as well as on
payment for services for conducting banking operations on pensions
and benefits, and other expenses have been increased from 78.5
million manat ($46.18 million) to 78.53 million manat ($46.19
million).
Meanwhile, expenditures on the maintenance of the apparatus and
other structural units of the body (institution) determined by the
relevant executive authority are increased from 130.1 million manat
($76.53 million) to 135 million manat ($79.4 million).
After discussion, the amendments were put to a vote and adopted
in the third reading.
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