BAKU, Azerbaijan, June 16. Revenues and expenses of the State Social Protection Fund under the Ministry of Labor and Social Protection of the Population of Azerbaijan have been proposed to be increased, Trend reports.
This issue was submitted for discussion at today's extraordinary meeting of the Azerbaijani Parliament.
According to the amendments, the revenues and expenditures of the fund's budget will amount to 6.26 billion manat ($3.68 billion) with an increase of four million manat or $2.35 million (0.1 percent).
After discussion, the document was put to the vote and adopted in the third reading.
The revenues of the State Social Protection Fund in the first quarter of 2023 amounted to 1.5 billion manat ($882 million), which is increase by seven percent, or 100 million manat ($58.8 million) compared to the forecast.
The fund's expenses, in the reporting quarter, also amounted to 1.5 billion manat ($882.3 million), which is 15 percent, or 194 million manat ($114 million) more than in the same period of 2022.