Azerbaijan President signs a decree on the 2009 budget of the State Social Protection Fund

Azerbaijan President signs a decree on the 2009 budget of the State Social Protection Fund
# 11 December 2008 10:49 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. Azerbaijani President Ilham Aliyev has signed a decree on the enforcement of the Law “On the Budget of the State Social Protection Fund”.
The president’s press service said the Cabinet of Ministers was instructed to ensure the implementation of the law within one month to approve state programs on the financing of social protection of the disabled, the unemployed and first-time job seekers, including the expenses for the Nakhchivan Autonomous Republic.
In addition, the 2009 estimates of income and expenditure of large enterprises, approved by the Cabinet, will provide for the repayment of debts for previous-years contributions for compulsory social insurance.
The decree also states that the Ministry of Finance shall approve the monthly and quarterly distribution of the transfers to the State Social Protection Fund with the concurrence of State Social Protection Fund.
The management of budget-financed organizations were instructed to take into account special funds for debts of previous years for contributions for compulsory social insurance in drafting and approving their budgets for 2009.
The State Social Protection Fund’s revenue and expenditures are predicted equally at equal amount - 1 775.547 million, up about 17% on this year.
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THE OPERATION IS BEING PERFORMED