Azerbaijan records 19% rise in compulsory state social insurance premiums 

Kanan Sadigov
Author

In January-May of this year, the mandatory state social insurance premiums amounted to over 1.815 billion manats ($1.07 billion), 18.6% or 285 million manats ($167 million) more than the same period last year. The forecast on revenues was overfulfilled by 157.656 million manats ($92.71 million), Report informs, citing the State Tax Service.

Premiums from the non-budgetary organizations increased by 20.5% to 1.155 billion manats ($0.68 billion), and the forecast was fulfilled by 119.7%.

Receipts from unemployment insurance grew by 19.5% to 65.641 million manats ($36.85 million), while the forecast was fulfilled by 115.1%.

The funds from non-budgetary organizations went up by 20.5% to 46.2 million manats ($27.18 million), and the forecast for revenues was fulfilled by 125.6%.

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