BAKU, Azerbaijan, Dec. 10
By Nazrin Israfilova - Trend:
The revenues from compulsory state social insurance contributions as part of revealing the employees hired upon employment contracts and the payroll fund amounted to 3.4 billion manat ($2 billion) in Azerbaijan from January through November 2021, which is by eight percent more compared to the same period of last year, Trend reports citing the State Tax Service under the Azerbaijani Ministry of Economy.
During the reporting period, the revenues from compulsory state social insurance contributions exceeded the forecast figure by 309.6 million manat ($182.1 million).
According to the message, the number of concluded employment contracts in the non-state sector reached 773,133 as of December 1, 2021, which is 233,211 more than as of early 2019, when the reforms were carried out to increase the transparency of labor relations.
During the reporting period, the revenues of non-budgetary organizations increased by 14.7 percent compared to the same period of last year and exceeded the forecasted figure by 113.1 million manat ($66.5 million) and amounted to 2.2 billion manat ($1.3 billion).
Moreover, the revenues from unemployment insurance premiums increased by nine percent compared to the same period of last year and, exceeding the forecasted figure by 108.2 million manat ($63.6 million) amounted to 118.8 million manat ($69.9 million).
The revenues from non-budgetary organizations increased by 15.3 percent, the forecast was fulfilled by 110.3 percent. The unemployment insurance premiums worth 87.9 million manat ($51.7 million) were transferred to the state budget through these organizations.