Revenues of State Social Protection Fund up by 16.6%

Last year, the revenues of the State Social Protection Fund (SSPF) were 6,667.2 million manats ($3.92 billion), 16.6% more than the previous year, SSPF Chairman Himalay Mamishov said at the Fund's 2023 report event, Report informs.

He said that in the income of DSMF, compulsory state social insurance revenues increased by 13% or 613 million manats ($360.59 million) to 5.2 billion manats ($3.05 billion).

Mamishov emphasized that the expenses of the Fund reached 6.81 billion manats ($4 billion) last year, which is 16% or 829 million manats ($487.66 million) more. Payments to the population accounted for 5.89 billion manats ($3.46 billion) of expenses, which is 16% or 805 million manats ($473.54 million) more than in 2022.