Social insurance premiums increased for 10 months


November 15, Fineko/ The contributions on compulsory state social insurance in Azerbaijan amounted to about AZN 3.7 bn for Jan-Oct 2022 (18.4% more against Jan-Oct 2021), ABC.AZ reports with reference to the State Tax Service (under the Ministry of Economy).

AZN 2.4 bn of premiums came from non-budgetary organizations (19.7% more than a year earlier).

Income from unemployment insurance premiums amounted to AZN 128.4 million (19.6% more versus Jan-Oct 2021). Revenues from non-budgetary organizations grew by 19.9% up to AZN 95.3 million.

For the past 10 months the compulsory medical insurance premiums grew by 39.4% (against Jan-Oct 2021) up to AZN 662 million. In particular, revenues from non-budgetary organizations increased by 50.7% up to AZN 461.1 million.