Azer Bayramov: Pension Fund`s budget revenues and expenditures expected to reach AZN 200 million


June 21, Fineko/abc.az. The Parliamentary Committee on Economic Policy, Industry & Entrepreneurship held a meeting on 21 June.

Addressing to the meeting Deputy Finance Minister Azer Bayramov stated that in accord with the tasks of President Ilham Aliyev the budget of the State Social Protection Fund (DSMF) should amount to AZN 200 million for a significant increase in labor pensions and benefits.

Due to the April-May growth in wages of employees of budget-financed organizations and in the minimum wage, the state social insurance contributions are projected to reach about AZN 350 million. Of them, AZN 172 million will account for the organizations financed from the State Budget.