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Compulsory state social insurance receipts increase in Azerbaijan

Economy Materials 7 November 2023 17:56 (UTC +04:00)
Elchin Mehdiyev
Elchin Mehdiyev
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BAKU, Azerbaijan, November 7. Receipts on mandatory state social insurance contributions in Azerbaijan exceeded 4.2 billion manat ($2.4 billion) from January through October 2023, Trend reports.

According to data from the Azerbaijani Ministry of Economy's State Tax Service, this is 14.4 percent higher year on year.

Non-budgetary organization receipts climbed 15.3 percent year on year to 2.7 billion manat ($1.5 billion).

From January to October 2023, revenues from unemployment insurance contributions climbed by 15.8 percent to 148.7 million manat ($87.4 million), including for offthebudget groups - increased by 15.5 percent to 110.1 million manat ($64.7 million).

Receipts from mandatory health insurance contributions climbed by 15.6 percent to 765.3 million manat ($450.1 million), while receipts from off-budget entities increased by 16.8 percent to 539.2 million manat ($317.1 million).

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