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Compulsory state social insurance payments in Azerbaijan increase

Economy Materials 15 May 2023 16:43 (UTC +04:00)
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, May 15. Income from contributions to compulsory state social insurance increased by 12.2 percent (176.1 million manat or $103.5 million) compared to the same period last year and reached 1.6 billion manat ($941.1 million) in Azerbaijan from January through April 2023, the State Tax Service under the Ministry of Economy of Azerbaijan told Trend.

Revenues from non-budgetary organizations increased by 13.8 percent compared to 2022 and amounted to more than 1 billion manat ($588.2 million).

Income from unemployment insurance premiums increased by 15.1 percent compared to the same period last year and amounted to 56.7 million manat ($33.3 million), including income from extra-budgetary organizations increased by 15.8 percent and amounted to 41.8 million manat ($24.5 million).

Income from compulsory health insurance contributions increased by 17.6 percent compared to the same period in 2022 and amounted to more than 291.5 million manat ($171.4 million), including income from non-budgetary organizations increased by 21.1 percent and amounted to more than 204.3 million manat ($120.1 million).

Azerbaijan's income for contributions to compulsory state social insurance increased by 19.2 percent (737.8 million manat or $433.9 million) compared to 2021 and reached 4.6 billion manat ($2.7 billion) in 2022 in Azerbaijan.

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