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Azerbaijan'sNakhchivan sees increase in revenue from social insurance contributions

Economy Materials 12 December 2023 20:12 (UTC +04:00)
Ingilab Mammadov
Ingilab Mammadov
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BAKU, Azerbaijan, December 12. Revenues from mandatory state social insurance contributions in Azerbaijan's Nakhchivan totaled more than 132.1 million manat ($77.7 million) from January through November 2023, Trend reports.

According to data from Azerbaijan's Ministry of Economy's State Tax Service, this is up 12.2 percent or 14.4 million manat ($8.4 million) year on year.

Off-budget organization receipts climbed by 21.3 percent year on year to 39.9 million manat ($23.4 million).

Revenues from unemployment insurance contributions climbed by 16.5 percent year on year from January to November 2023, totaling more than 3.5 million manat ($2 million). From January to November 2023, compulsory health insurance contributions topped 21.9 million manat ($12.8 million), an increase of 5.8 percent year on year.

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