Wednesday, November 15, 2017

Budget of State Social Protection Fund to increase next year

The State Social Protection Fund’s revenues are forecasted to total 3.578 billion manats ($2.104 billion) in 2018 and this figure is 5.3 percent more than the forecasted figure for 2017. Minister of Labor and Social Protection of Population Salim Muslimov made the remarks at a meeting of the Parliamentary Committee for Labor and Social Policy as part of the discussions on the draft state budget for 2018. He said that social payments to the population are forecasted to total 3.495 million manats (97.7 percent of all expenses) in 2018. Read More