Elman Mehdiyev: “SSPF increased incomes over 8% in 2014”

Elman Mehdiyev: “SSPF increased incomes over 8% in 2014”
# 16 January 2015 08:41 (UTC +04:00)

Baku. Aynur Aliyeva - APA-Economics. The level of receipts of the State Social Protection Fund in 2014 allowed financing the pension and benefits earlier than schedule, said the chairman of the Fund Elman Mehdiyev.

Mehdiyev stressed that Fund’s incomes made AZN 2,894.3 mln, up 8.3% from 2013. During the reporting period, the receipts from compulsory state social insurance premiums rose 10.2% to AZN 1,744.9 mln. It was noted that 64.6% of insurance premiums in 2014 were came from non-budgetary sector, up 13.5% by contrast to a year earlier.

According to him, the receipts from the individuals engaging in entrepreneurial activities increased 15.1%, from the landowners – 5.4%. Insurance premiums from budget-financed organizations stood at AZN 618.5 mln. In the reporting period, AZN 1,142.0 mln was transferred to the Fund from the state budget according to forecast. SSPF other incomes (partly payment on sanatorium-resort) made AZN 7.4 mln.

SSPD expenditures made AZN 2,868.8 mln and 98% of these expenditures went to payment to population. It was noted that pension expenditures amounted to AZN 2,738.5 mln, benefits paid through compulsory state social insurance premiums – to AZN 70.6 mln.

AZN 22.5 mln was spent to maintenance of Fund and its local authorities, AZN 17.5 mln to service fee for delivery of pensions and benefits to the population, bank operations, AZN 18.6 mln to financing of expenses through Azerbaijan Trade Unions Confederation for sanatorium and resort treatment of insured persons and bringing them into a health state.

#
#

THE OPERATION IS BEING PERFORMED