Bank Of Baku

Azerbaijan needs supplementary AZN 50 mln for last increase of pensions - UPDATED

Azerbaijan needs supplementary AZN 50 mln for last increase of pensions - <font color=red>UPDATED</font>
# 01 September 2010 13:23 (UTC +04:00)
According to Salim Muslimov, Chairman of the State Fund of Social Protection the number of pensioners will be reached 1 291 308 till the end of the year.

According to him supplementary AZN 50 mln was required for financing of pensions. There will not be any problem in financing of pensions.

SFSP chairman says the base part of pensions of 1 116 000 pensioners makes AZN 10, AZN 12 for 15 000 I group disabilities.

He also noted for comparison the minimum pension is $21.6 in Armenia, $ 82.1 in Belarus, $ 124.2 in Kazakhstan, $ 17.1 in Kyrgyzstan, $ 91.7 in Latvia, $ 135.7 Lithuania, $ 48.5 in Moldova, $ 90.2 in Russia, $ 18.3 in Tajikistan, $ 55.3 in Uzbekistan, % 89.8 in Ukraine, $ 167 in Estonia. Azerbaijan is in the second place after Kazakhstan.

During January-July, 2010, state busget forecast on state compulsory social insurance premium was fulfilled as 90.8%. AZN 614.3 mln compulsory social insurance premium was transferred to state budget in the sa,e period, up AZN 20.7 mln or 3.5% compared with a year ago.
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