Azerbaijan sees 70% growth in social insurance premiums over past three years 

Kanan Sadigov
Post's author

Revenues of the State Social Protection Fund under the Ministry of Labor and Social Protection of the Population increased by 39% to AZN 4.8 billion in 2018-2020, Report informs, citing the Ministry.

According to the document, the premiums from social insurance fees rose by 70% to AZN 3.6 billion. The growth was 84% in the state sector, 63% in the private sector.

Transfers from the state budget to the Fund dropped 10% to AZN 1.2 billion.

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