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SSPF gets 14% rise in quarterly revenues

19 April 2013 08:24 (UTC +04:00)

Baku – APA-Economics. State Social Protection Fund’s revenues made AZN 685.1 mln. in January-March, 2013, up 7.2% from quarterly forecast. Fund says the receipts on compulsory state social insurance premiums rose 13.9% to AZN 339.3 mln, up 5% from forecast.

62.3% or AZN 221.4 mln of receipts on compulsory state social insurance premiums came from non-state budgetary sector. The premiums paid by this sector were 21.4% higher than forecast, 20% - than a year earlier. Receipts from individuals engaging in entrepreneurs rose 44.3%, from land owners – 85%.

Receipts on the organizations financed by budget made AZN 127.9 mln, up 5.1% in comparison to a year earlier.

SSPF says level of receipts allowed financing of pension and benefits in time. Fund’s expenditures stood at AZN 614.9 mln. SSPF directed AZN 605.5 mln to financing of pension and benefits, up 0.9% compared with a year earlier. Pension expenses rose 0.8% to AZN 592.2 mln.

Besides, AZN 13.3 mln was directed to population during the first quarter.

Fund’s other expenses were AZN 9.4 mln, up 6.5% in annual comparison.