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Azerbaijani State Social Protection Fund recaps its spending in 1Q2024

April 13, 2024
in Europe
Reading Time: 1 min read
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BAKU, Azerbaijan, April 13. The spending of the
Azerbaijani State Social Safety Fund (SSPF) beneath the Ministry
of Labor and Social Safety of Inhabitants grew by 14 p.c
(207 million manat, or $121.7 million) to 1.7 million manat ($1
million) from January by way of March 2024, a supply within the fund informed
Pattern.

Based on the supply, SSPF’s revenues within the reporting interval
elevated by 7% (108 million manat, or $63.5 million) from the
forecast, totaling 1.67 billion manat ($980 million).

Throughout the identical time, revenue from obligatory state social
insurance coverage elevated by 9 p.c (104 million manat, or $61
million), totaling 1.3 billion manat ($760 million).

Notably, the SSPF’s revenue in 2023 was 6.67 billion manat ($3.9
billion), up 16.5 p.c from 2022, whereas bills have been 6.08
billion manat ($3.58 billion), a 15.8 p.c enhance.

Keep up-to-date with extra information on Pattern Information
Company’s WhatsApp channel

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Tags: 1Q2024analyticsAzerbaijan's newsAzerbaijaniBreaking Newsbusiness newsCaspian newsCentral Asiacompany newsEconomyfinancial newsfundGeorgia's newsIran's newsKazakhstan's newsoil and gas newspoliticsProtectionrecapsSocialSpendingStatethe Caspian Seathe CIS newsTurkey's newsTurkmenistan's newsUzbekistan's newsWorld News
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