11:55 - 27.11.2019

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November 27, Fineko/abc.az. Revenues and expenditures of the budget of the State Social Protection Fund under the Ministry of Labor & Social Protection for 2020 have been published.

ABC.AZ reports that SSPF revenues are forecasted to reach AZN 4.825 bn next year (by AZN 697.4 or 16.89% more versus the forecast for 2019).

It is expected that 70.31% of SSPF revenues for 2020 will be ensured at the expense of revenues from contributions on compulsory state social insurance. Due to insurance contributions, the Fund is expected to receive AZN 3.39 bn (by 22.50% or AZN 623.23 million more against the forecasted amount for 2019). Revenues from contributions on compulsory state social insurance in the amount of AZN 1.238 bn will be paid by organizations financed from the budget.