2018 revenues and expenses of Unemployment Insurance Fund will make 89 mln AZN

Baku. 23 November. REPORT.AZ/ Draft laws "On the budget of the relevant executive authority implementing social security and defense for 2018", "On the budget of Unemployment Insurance Fund for 2018" are being discussed at today's Parliamentary plenary session.

Report informs, revenues of the State Social Protection Fund (SSPF) are estimated at 3 578.76 million AZN in 2018, which is more by 400.71 million AZN or 12.6% than relevant performance indicator for 2016 and more by 178,76 mln AZN or 5.3% than relevant forecast indicator in 2017.

The Fund's expenses in 2018 are estimated to be in the same amount with its revenues or 3 578.76 million AZN, which is more by 385.39 mln AZN or 12.1% than the corresponding indicator of 2016.

Revenues and expenses of the Unemployment Insurance Fund budget for 2018 will amount to 89.04 million AZN.

The relevant executive authority will transfer the funds collected on insurance fees each month to the Unemployment Insurance Fund until the first day of next month.

Notably, the law "On unemployment insurance" will come into force on January 1, 2018.