Bank Of Baku

SSPF’s budget to be increased by 12% next year

SSPF’s budget to be increased by 12% next year
# 06 October 2010 12:20 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. Fund’s income and expenditure were planned to be AZN 1 970.540 mln in accordance to budget project of State Social Protection Fund for 2011. According to Cabinet of Ministers AZN 1 277.040 mln of SSPF’s incomes will come from compulsory state social insurance premium, AZN 691 mln from allocations for state budget and AZN 2.5 mln from other incomes.

AZN 1 917.680 mln or 97.3% of expenditures is planned to spend to payments to population, including AZN 1 853.130 mln to payments of labour pensions.

Note that SSPF’s budget for 2010 was AZN 1 757.216 mln. Thus, the fund’s budget is planned to be increased by 12.1% next year.
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