Finance

Finance

SSPF fulfills forecast on non-budget sector by 105.8%

08 June 2012 10:28 (UTC +04:00)

Baku. ELnur Huseynguluyev â€“ APA-Economics. State Social Protection Fundâ€™s incomes made AZN 1,087.0 mln in January-May, 2012, up AZN 284.7 mln or 35.5% from year earlier. According to SSPF, the receipts on compulsory state social insurance premiums rose 13.2% or AZN 61.3 mln to AZN 524.7 mln.

59.7% or AZN 313.1 mln of these receipts came from non-budget sector. Payments on state social insurance premiums rose 14.5% or AZN 39.7 mln, forecast was fulfilled by 105.8%. Premiums on individuals increased by 12.9%.

Premiums on organizations financed by budget made AZN 211.7 mln, payments rose 11.4% or AZN 21.6 mln. Premiums on other incomes stood at AZN 2 mln.

Fundâ€™s expenditures was AZN 1,011.0 mln. Fund directed AZN 944.4 mln to financing of pensions and benefits, up AZN 253.1 mln or 34.1% from year earlier. Pension expenditures soared 35.1% or AZN 252.3 mln to AZN 371.7 mln. Besides, AZN 22.8 mln-benefit was paid to the population.

Note that, Fundâ€™s other expenditures made AZN 16.5 mln, down AZN 0.96 or 5.5%.