In January to July incomes of the State Fund for Social Security (SFSS) have comprised 1,380,5bn manats, Salim Muslimov, the head of the SFSS, told a news conference on Friday.
According to Muslimov, the figure is 4bn manats more then the forecast and 240bn manats more as compared to last year. Major part of incomes (859bn manats) was comprised of obligatory social, or 35% up as compared to last year. 545bn manats fell on the share of private sector.
Muslimov said that transfer from the public budget made up 521bn manats, or up to forecasts. "Taking into consideration that the remainder in 2003 made up 32bn manats, over 7 months the financing source of the Fund made up 1,414bn manats, or 36bn manats more the forecast. It enabled us to fulfill the commitments on payment of pensions and benefits," he said.
According to Muslimov, over 7 months the amount of payments and benefits comprised 1, 295 bn manats, or 213bn manats (20%) more than 2004. "Yesterday (25 August) we completed financing the pensions and benefits in the country for August and by the end of this month [August] the funds received will be directed at the payment of pensions and benefits for next month [September],вЂќ he noted.