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Azerbaijan eyes increasing subsistence minimum for pensioners by 2025

Economy Materials 13 November 2021 15:14 (UTC +04:00)

BAKU, Azerbaijan, Nov. 13

By Khagan Isayev – Trend:

The subsistence minimum for pensioners in Azerbaijan in 2022 is projected to amount to 176 manats ($103.56), Trend reports referring to the draft state budget of Azerbaijan for next year.

According to the document, the subsistence minimum in the country in 2023 will amount to 182 manats ($107.09), in 2024 – 188 manats ($110.62) and 194 manats ($114.15) – in 2025.

Consequently, the subsistence minimum for pensioners in Azerbaijan in 2025 will grow by almost 10.23 percent, or 18 manats ($10.59) compared to 2022.

It is noted that, the subsistence minimum in Azerbaijan in 2021was set at 196 manats ($115.33).

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