Pension financing requires AZN 120,000,000 per month in Azerbaijan

Day.Az reports with reference to the state fund that payments on social insurance have reached AZN 623,000,000, which is 31% higher, as compared to 9 months of the last year, at the same time 59% of this amount falls on off-budget organizations. Today Azerbaijan accounts for 1.8 mln of social insurance payers.

At the same time, by preliminary estimates, through 3 quarters the fund's expenses made AZN 980,000,000, 97% with AZN 949 mln of payments to the population, which is 37% higher, as compared to the same period of the last year. In particular, the volume of pension payments through the reported period made AZN 924,000,000.

By Fund's information, through 9 months,  the re-calculation of pensions of 90,000 people, whose average pensions rose by AZN 24, was conducted within 9 months in the framework of elimination of social injustice. The pensions of servicemen and persons of special ranks have risen by AZN 75 in average.

After all these changes, the amount, required each month for financing pensions, has reached AZN 120,000,000, which is 46% or AZN 38,000,000 higher over the beginning of the year.

/Day.Az/