In 2026, the budget expenditures of the State Social Protection Fund (SSPF) under the Ministry of Labor and Social Protection of the Population are projected to total 8 billion 483 million 70 thousand manats — 10.5% or 806.6 million manats more compared to 2025, APA-Economics reports.
This was reflected in the draft law “On the Budget of the State Social Protection Fund for 2026,” discussed at today’s joint meeting of the Parliamentary Committees on Labor and Social Policy, and Economic Policy, Industry and Entrepreneurship.
According to the document, 8 billion 323.1 million manats of the expenditures will be covered by the SSPF’s revenues, while 159 million 970 thousand manats will be financed from the fund’s unused balance at the end of the current year.