17:50 - 2.11.2022

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November 2, Fineko/abc.az. In 2023, payments to the population are projected to amount to AZN 6.08 bn, or 97.02% of State Social Protection Fund’s total expenditures, ABC.AZ reports, referring to Accounts Chamber’s conclusion on the SSPF draft budget for 2023.

According to the document, AZN 5.907 bn account for labor pensions and AZN 170.4 million are benefits from contributions to mandatory state social insurance.

The projected payments to the population for 2023 are by AZN 646.38 million or 11.90% more than the approved forecast for 2022.

Next year, the SSPF revenues are projected to reach AZN 6.26 bn (by AZN 657.7 million or 11.73% more than the approved forecast for 2022), excluding Fund's financial reserves of AZN 570.07 million remaining in treasury accounts since the beginning of 2022.

Fund's expenditures in 2023 are projected to be AZN 6.26 bn (AZN 657.7 million or 11.73% more than the approved forecast indicator for 2022).