Adjustments are being made to the finances of the Unemployment Insurance coverage Fund for 2024 in Azerbaijan – 2024-06-10 04:54:36

by times news cr

2024-06-10 04:54:36

Adjustments are being made to the finances of the Unemployment Insurance coverage Fund for 2024.

As Day.Az reported on Friday close to Development, this challenge is mirrored within the clarification of the invoice “On Amendments to the Regulation of the Republic of Azerbaijan “On the Price range of the Unemployment Insurance coverage Fund for 2024”, which was mentioned at this time at a gathering of the Milli Majlis (parliament) .

It was famous that as a part of the profitable social reforms carried out underneath the management of the President of the Republic of Azerbaijan Ilham Aliyev, with a purpose to strengthen measures associated to employment, the start of the introduction of an unemployment insurance coverage system within the nation has shaped a versatile monetary mechanism to enhance the social safety of the unemployed (job seekers) and implementation of energetic employment measures.

Primarily based on an evaluation of the efficiency indicators of the finances revenues of the Unemployment Insurance coverage Fund for 2023 and for 4 months of the present yr, a rise in revenues from unemployment insurance coverage premiums is anticipated by the tip of the yr. Thus, the draft legislation “On Amendments to the Regulation of the Azerbaijan Republic “On the Price range of the Unemployment Insurance coverage Fund for 2024”” proposes to extend revenues from unemployment insurance coverage premiums to 4,700,000.00 manats (from 179,976,800.0 manats to 184 676,800.0 manats). On the similar time, it’s predicted that the share of earnings within the off-budget sector will quantity to 139,300,000.0 manats.

Since changes to bills will not be supplied for this yr, by the tip of 2023 the unused a part of the Unemployment Insurance coverage Fund was decreased from 57,953,200.0 manats to 53,253,200.0 manats (by 4,700,000.0 manats).

After dialogue, the modifications have been put to a vote and adopted within the first studying.

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