Tuesday, 02 January 2024 12:17 GMT

Azerbaijan Reports Substantial Gains From Social Reform Packages


(MENAFN- Trend News Agency) BAKU, Azerbaijan, September 30.​ Azerbaijan has implemented five major social reform packages over the past seven years, providing additional annual funding of 7.6 billion manat ($4.4 billion) and benefiting around 4 million people, said the country's Minister of Labor and Social Protection of Population, Anar Aliyev, Trend reports.

In his speech at Baku Climate Action Week (BCAW2025), Aliyev noted that during this period, the minimum wage increased more than threefold (3.1 times), the minimum pension nearly tripled (2.9 times), and the average monthly pension rose by 2.6 times. He added that social allowances and pension payments grew fivefold, reaching 1.9 billion manat ($1.1 billion).

"The average targeted state social assistance rose 2.5 times, the subsistence level increased by 65 percent, and the eligibility criteria for aid were more than doubled ( 2.2 times).

The number of labor contracts increased by 41 percent to 1.85 million, with the majority of this growth occurring in the private sector," the minister added.

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