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State Social Protection Fundâ€™s budget for 2011 approved

State Social Protection Fundâ€™s budget for 2011 approved

22 October 2010 11:16 (UTC +04:00)

According to SSPF Chairman Salim Muslumov there were not any changes in the organization.

He says the expenditure for sanatoria and resort was increased by AZN 700 000 to ANZ 13 790 000.

Note that the spending and income in the budget are forecasted to be AZN 1 970.540 mln, up 12.1% or AZN 213.3 mln. Payments to population will make AZN 1 917.7 mln, up ANZ 229.4 mln or 13.6% compared with current year. Of this, AZN 1 853 mln or 96.6% makes pension spending, AZN 64.6 mln or 3.4% - benefit spending. Pension spending will increase by 13.4%, benefit spending by 18.7% compared with current year.

Generally, the average monthly sum of labour pension is planned to be AZN 118, up AZN 14 or 13.4% compared with 2010.

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