BAKU, Azerbaijan, December 11. The revenues of Azerbaijan's State Social Protection Fund (SSPF) under the Ministry of Labor and Social Protection of Population increased by over 4 percent, or 233 million manat ($137 million), compared to projections over the first eleven months of the year, amounting to 6.2 billion manat ($3.7 billion).
Data obtained by Trend from the SSPF indicates that revenue from mandatory state social insurance, as part of the fund's overall income for the same period, grew by 4 percent, or 211 million manat ($124.1 million), reaching 5.1 billion manat ($3 billion).
"The SSPF's expenditures totaled 6.2 billion manat ($3.7 billion) from January through November, reflecting an increase of 14 percent, or 743 million manat ($437 million), compared to the same period last year," the report said.
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