Social Protection Fund revenues increased by AZN 163 million

16:48 - 6.05.2020


May 6, Fineko/abc.az. For Jan-Apr the revenues from contributions for mandatory state social insurance of the State Social Protection Fund under the Ministry of Labor & Social Protection exceeded the forecast by AZN 163 million (17.2%).

ABC.AZ reports with reference to the MLSP that compared with Jan-Apr 2019, SSPF’s revenues grew by AZN 313.4 million (39.6%).

The above-mentioned statement was made by Labor Minister Sahil Babayev. "The implementation of the forecast on SSPF’s revenues by 105.5% last year, the reserve of AZN 200 million created as a result of saving the Fund's expenditures as a result of consideration of unfounded pension cases, were a significant support in ensuring the sustainability of social payments," the minister emphasized.

 

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