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Azerbaijani parliament passes bill on cost of living for 2017

Business Materials 18 December 2016 14:23
The Azerbaijani parliament passed the bill on "Cost of living for 2017" at the plenary session.
Azerbaijani parliament passes bill on cost of living for 2017

Baku, Azerbaijan, Dec. 18

By Azad Hasanli – Trend:

The Azerbaijani parliament passed the bill on "Cost of living for 2017" at the plenary session.

According to the bill, the cost of living is projected in the amount of 155 manats (official exchange rate on Dec. 18 is 1.7525 AZN/USD) in Azerbaijan for 2017, which is 13.97 percent more than in 2016.

The amount of cost of living will reach 164.5 manats for the working-age population, 130.2 manats for pensioners, 136.6 manats for children in the main socio-demographic groups of the population.

The cost of living is 136 manats, namely, 145 manat for the working-age population, 115 manats for pensioners, 118 manats for children in 2016.

According to the budget package for 2017 and the next three years, the cost of living is projected to increase up to 162.6 manats in 2018, 169 manats in 2019, up to 174.9 manats in 2020.

The Azerbaijani parliament passed the bills "On the expenditure estimates of the parliament for 2017" and "On the expenditure estimates of the Accounting Chamber for 2017".

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