Unemployment Insurance Fund’s budget for 2023 increases


November 1, Fineko/abc.az. The revenues and expenditures of the budget of the Unemployment Insurance Fund next year are projected at the amount of AZN 212.668 million.

This is stated in Accounts Chamber’s conclusion on the draft budget of the Unemployment Insurance Fund for 2023.

ABC.AZ reports with reference to the conclusion that this is by 8% more than the performance indicator of 2021, and 17.3% more than the approved forecast for 2022.

In 2023, UIF income will amount to AZN 159.576 million due to unemployment insurance premiums.

It will include AZN 22.4 million from budget-financed organizations, another AZN 22.4 million from those working in these organizations and AZN 114.708 million from the off-budget sector. In addition, the Fund will receive income in the amount of AZN 60,000 on other receipts, and unused funds at the end of the previous year will amount to AZN 53.03 million.