Azerbaijani President confirms SSPF’s budget for 2013

Azerbaijani President confirms SSPF’s budget for 2013
# 14 December 2012 15:09 (UTC +04:00)

According to law on budget of the State Social Protection Fund for 2013, next year, incomes and expenses will make AZN 2,632.695 mln. AZN 1,077.034 mln of budget incomes will be transferred from the state budget.

According to decree of President on approval of law, the Cabinet of Ministers must draft proposals on correspondence of existing legislative base to new law and submit to the head of state within 3 months.

In the decree the heads of institutions financed by state budget were ordered to take the former debts on compulsory state social insurance premiums into consideration in compiling and approval of cost estimates of special funds.

Legal entities, whose revenue and expenditure estimates were approved by aggreeing with Ministries of Finance and Economic Development, were ordered to take the former debts on compulsory state social insurance premiums into consideration in the estimates for 2013.

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THE OPERATION IS BEING PERFORMED