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Expenditures on social sphere in Azerbaijan increase

Society Materials 22 September 2023 11:05 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, September 22. Projected expenditures on social protection and social security in Azerbaijan for the next year have been announced, Trend reports.

According to the document "Preliminary Indicators of State and Consolidated Budgets for 2024" prepared by the Ministry of Finance, 4.5 billion manat, which is $2.6 billion (12.5 percent), is projected to be allocated for social protection and social security expenditures.

It should be reminded that in the state budget, allocations for social protection and social security in 2023 were projected at 4.3 billion manat ($2.5 billion). Thus, the expenditures on social protection and social security for the next year will increase by 5 percent.

It should be noted that state budget expenditures for 2024 are projected at 36,3 billion manat, which is $21.3 billion (30.7 percent of GDP).

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