2024-06-01 09:24:09
Constant measures to enhance the social well-being of the inhabitants, bearing in mind the expansion fee of the nation’s financial system over the previous interval of 2024, required the introduction of additives and modifications to the legislation of the Republic of Azerbaijan “On the funds of the State Social Safety Fund for 2024” as an vital element of the consolidated funds.
As Day.Az studies, that is acknowledged within the clarification of the invoice on amendments to the legislation of the Republic of Azerbaijan “On the funds of the State Social Safety Fund for 2024,” which was mentioned at this time at a gathering of the Milli Majlis Committee on Labor and Social Coverage.
It was famous that the necessity to amend the legislation of the Republic of Azerbaijan “On the funds of the State Social Safety Fund for 2024” is especially related to the excessive enhance within the precise execution of revenues from contributions to obligatory state social insurance coverage by sources of earnings of the State Social Safety Fund.
Within the information offered by the Ministry of Economic system of the Republic of Azerbaijan in 2023, the forecast common month-to-month wage for 2024 was initially indicated at 980.0 manat, and primarily based on up to date macroeconomic indicators, this determine is projected to be 990.0 manat.
Thus, bearing in mind the expansion of wages within the non-budgetary sector, in addition to the final progress fee on account of ongoing transparency measures, and the expectations and dangers that will come up within the subsequent months of the 12 months, the draft amendments enhance the quantity of income from contributions to obligatory state social insurance coverage for off-budget sector. Taking this into consideration, within the funds of the State Social Safety Fund for 2024, it’s advisable to extend the quantity of income from contributions to obligatory state social insurance coverage within the extra-budgetary sector from 3387.1 million manats to 3577.1 million manats – with a rise of 190.0 million manats. On the identical time, it’s proposed to extend the quantity of bills for the fee of labor pensions by 25.0 manats – from 6500.0 to 6525.0 million manats.
On the identical time, bills for sustaining the equipment and native divisions of the fund enhance by 5.0 million manats, to 135.1 million manats, and bills for conducting banking operations on pensions and advantages – by 30.0 thousand manats.
Thus, the fund’s bills enhance by 30.0 million manat, or 0.4 %, to 6949.9 million manat. In consequence, the quantity of funds (transfers) allotted from the state funds to finance state funds obligations with a view to steadiness the fund’s funds might be decreased by 160.0 million manats and quantity to 1232.0 million manats.
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