State Social Protection Fund budget to increase by AZN161 million

The budget of the State Social Protection Fund (SSF) under the Ministry of Labor and Social Protection of the Population for the next year has been announced.

As Report informs, this was reflected in the draft law “On the budget of the relevant executive authority in charge of social security and social protection for 2022”.

Under the document, the income and expenses of the State Social Fund for 2022 are approved in the amount of AZN5,306,770, which is 160.74 million manats, or 3.1% more than the approved forecast for 2021.

In 2021, the income and expenses of the State Social Fund are projected at 5,146.03 million manats.