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Azerbaijan records growth in receipts from social insurance contributions

Economy Materials 17 January 2023 14:22 (UTC +04:00)
Azerbaijan records growth in receipts from social insurance contributions
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 17. Azerbaijan's revenues from mandatory state social insurance contributions amounted to 4.6 billion manat ($2.7 billion) in 2022, up by 19.2 percent or 737.8 million manat ($433.37 million) year over year, the State Tax Service under the Ministry of Economy of Azerbaijan told Trend.

Non-budgeted revenues totaled 2.9 billion manat ($1.7 billion), increasing by 19.2 percent compared to the same period in 2021.

The income from unemployment insurance grew by 19 percent year over year and made up 160.2 million manat ($94.1 million).

Receipts from compulsory health insurance contributions reached 822 million manat ($482.9 million), rising by 38.1 percent compared to 2021.

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