Bank Of Baku

Samir Sharifov: “Financing of pensions will be increased by 6% next year”

 Samir Sharifov: “Financing of pensions will be increased by 6% next year”
# 06 November 2013 10:47 (UTC +04:00)

Baku. Aqshin Rafigoglu – APA-Economics. Azerbaijan’s draft budget for 2014 considered to increase the state social protection and pension expenditures by 14%, said the Minister of Finance Samir Sharifov in the discussion of state consolidated budget for 2014 by parliament’s committees. 

 

According to him, AZN 1.142 bln will be allocated for pensions from the state budget, up AZN 65 mln or 6% from current year.

 

Minister noted that AZN 2.5 mln is planned to be allocated for financing of political parties, AZN 150 mln – for preferentially lending of entrepreneurship, AZN 35 mln – for Agrolizing.

 

Sharifov underlined that AZN 20 mln will be allocated for financing of representatives in for 57 countries, 9 general consulates and international organizations and participation in international events: “No funds will be allocated for Sumgayit, Mingechevir, Imishli regions”. 

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