What would be the common month-to-month wage in Azerbaijan? – 2024-06-07 21:37:32

by times news cr

2024-06-07 21:37:32

Within the knowledge supplied by the Ministry of Economic system of the Republic of Azerbaijan in 2023, the common month-to-month wage forecast for 2024 was initially 980.0 manats, and primarily based on the refined macroeconomic indicators, this indicator is predicted to be 990.0 manats.

Day.Az experiences as regards to Development that this was stated in the present day by the Chairman of the Labor and Social Coverage Committee of the Milli Majlis, Musa Guliyev, throughout the dialogue of the amendments to the Legislation of the Republic of Azerbaijan “On the 2024 finances of the State Social Safety Fund” within the parliament.

He famous that wage will increase within the non-budget sector trigger a rise in obligatory state social insurance coverage charges for the non-budget sector.

“Taking this under consideration, it’s thought of acceptable to boost the quantity of obligatory state social insurance coverage contributions for the non-budget sector within the finances of the State Social Safety Fund for 2024 by 190.0 million manats from the present 3,387.1 million manats to three,577.1 million manats .
On the similar time, it’s proposed to extend the quantity of labor pension cost bills by 25.0 million manats from 6500.0 million manats to 6525.0 million manats.

On the similar time, the price of sustaining the Fund’s equipment and native models was elevated by 5.0 million manats to 135.1 million manats, in addition to the prices of conducting banking operations for pensions and advantages had been elevated by 30.0 thousand manats.

For the aim of balancing the fund’s finances, the quantity of funds allotted from the state finances (switch) for financing the obligations of the state finances will likely be lowered by 160.0 million manats and can quantity to 1232.0 million manats.

Thus, the bills of the Fund had been elevated by 30.0 million manats or 0.4 p.c and reached 6949.9 million manats.
In conclusion, the consolidated revenues and bills of the DSMF finances for 2024 will enhance by 30 million manats and quantity to six,949,860 thousand manats,” added M. Guliyev.

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