At least 40 percent of funds raised by universities to be directed to teachers' social protection

Baku. 16 January. REPORT.AZ/ At least 40 percent of extra-budgetary resources gained by the state-funded educational institutions in Azerbaijan will be directed to social protection of educators.

Report informs that it was reflected in "Exemplary regulation of the higher education institution established by state and municipalities" approved by the Cabinet of Ministers.

According to the Charter, the property of a university is formed from the charter capital, other property is provided by the founder, as well as from funds allocated from the state budget or local budgets, works are done in accordance with the directions of activity, receipts from services rendered, donations, grants and other sources determined by its charter from the incoming funds.