Azerbaijani Social Protection Fund Submits 2008 Draft Budget to Government

Business Materials 31 October 2007 16:55

Azerbaijan, Baku / Trend corr U. Ismayilova / The Azerbaijani Social Protection Fund submitted its 2008 draft budget to Government for consideration. Revenues of the Fund are expected to comprise AZN 1.267bln in 2008, the Fund reported on 31 October.

The Fund's revenues will mainly be formed by obligatory social insurance payments - AZN 915.67mln and will be allocated for payment of labour pensions (AZN 1.179bln).

Any funds that remain in the budget after 2008 will be added to revenues and expenditures of the 2009 budget.