Bank Of Baku

SSPF budget for 2012 recommended to plenary meeting of parliament

SSPF budget for 2012 recommended to plenary meeting of parliament
# 04 November 2011 12:35 (UTC +04:00)
Note that, Fund’s income and expenditure are considered as AZN 2,454.3 mln in 2012. AZN 1,407.5 mln of income will come from compulsory state social insurance premium, AZN 1,044.3 mln – from allocations from state budget and AZN 2.5 mln – from other incomes.

AZN 2,322,540 mln will go for labor pensions. Besides, AZN 18.850 mln – to delivery of pensions and benefit to the population, service fee for banking operations, AZN 15.660 mln – to expenditures for sanatorium and resort treatment of insured persons, AZN 3 mln – to financing of expenses on “Financing Contract between Azerbaijan and International Development Association”, AZN 1.430 mln – to State Program on development of insurance pension system in Azerbaijan for 2009-2015, AZN 40,000 – to membership fee for international organizations.

At the end of meeting the draft law was recommended to discuss at the plenary meeting of parliament.
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