Bank Of Baku

SSPF to increase 2014’s revenues by 11%

 SSPF to increase 2014’s revenues by 11%
# 30 October 2013 13:45 (UTC +04:00)

Mehdiyev noted that Fund’s revenue for 2014 is forecasted to be AZN 2.928 bln.

 

According to him, 60.8% or AZN 1.784 bln will come from state social insurance premiums, up 14.9% from 2013.

 

SSPF official said that the insurance premiums to be paid by institutions financing through the budget will make AZN 660.4 mln.

 

He also noted that the expenditures are expected to make AZN 2.929 bln, up 11.2% or AZN 295.8 mln by contrast to 2013. Payments to population will make AZN 2.862 bln, expenditures for labor pensions will be 97.4% of payments to the population. AZN 2.789 bln will be directed to pensions, up 11.5% or AZN 288.3 mln. 

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