Azerbaijan: social range for 5 months of 2021 exceeded 2 billion

The growth rates of the income of the State Fund for Social Protection (GFSI) under the Ministry of Labor and Social Protection of the Population continued in January-May 2021.

As reported by Haqqin.az in the press service of the Ministry of Internal Affairs, for the same period, the fund’s revenues increased compared with the corresponding period last year by 6.6%, or 142.8 million manat and amounted to 2,302.1 million manat.

Revenues in GFSW due to advent of compulsory state social insurance increased by 8.4% (118.8 million manat) – 1,527.7 million manat.

In January-May, the expenses of the Fund for payments to the population rose by 5.1% – 2,012.8 million manat.