Average monthly salary growth is projected at level of 7.1% in 2023


November 1 Fineko/abc.az. State Budget 2023 predicts an increase in wages, including expenses related to transfers on mandatory state social insurance (22.0%), by 8.6%, next year the average monthly wage growth is projected at 7.1%.

ABC.AZ reports that this is stated in the conclusion of the Accounts Chamber on the draft budget of the State Social Protection Fund for 2023.

The review says that the projected growth rate of insurance premiums for budget organizations in 2023 (22%) is 5.2% compared with the expected performance of the current year.