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INCOMES OF STATE FUND FOR SOCIAL SECURITY EXCEED 1.1BN AZM

Business Materials 12 July 2005 12:56 (UTC +04:00)

The incomes of the State Fund for Social Security comprised 1164.5bn manats over January-June of 2005, 192.3bn manats or 19.8% more than 2004. The forecast was implemented by 100%, the Fund told Trend.

Though the rate on social insurance payments decreased 4 points, incomes on obligatory social insurance went up 15.4% or 96bn manats as compared to 2004 and made up 719.3bn manats. The incomes on the similar payments of non-budget organizations comprised 461.6bn manats, or 11.1% more than 2004.

The expenditure over January-June of 2005 made up 1141.9bn manats. This figure is 178bn manats, or 18.5% up as compared to 2004. The rate of the incomes gave a chance to finance all pensions and benefits over January-June of 2005.

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