BAKU, Azerbaijan, May 27. A total of 4.2 billion manat ($2.47 billion) was used in Azerbaijan from the allocated 4.4 billion manat ($2.59 billion) for social protection and social security expenditures in last year's state budget in accordance with the cost orders of the relevant ordering organizations, Trend reports.
This issue was reflected in the draft law “On the execution of the state budget of Azerbaijan for 2024, discussed at today’s meeting of the Parliamentary Committee on Economic Policy, Industry, and Entrepreneurship.
Furthermore, considering the supplementary allocation of 64.3 million manat ($37.7 million) sourced from the earmarked expenditures and contingency reserves within the 2024 fiscal framework, an aggregate of 4.2 billion manat ($2.47 billion), representing 11.2 percent of the overall state budget outlays, has been earmarked for the social protection and social security domain.
According to functional classification (excluding funds allocated from the state budget for targeted expenditures and reserve sources), 3.7 billion manat ($2.17 billion), or 89.1 percent of the social protection and social security expenditures in 2024, were used for other institutions and activities in the social protection and social security sectors. These include the payments made to various categories of individuals under the Ministry of Labor and Social Protection of Population of Azerbaijan, the financing of obligations to balance the budget of the state social protection fund, payments to internally displaced persons (IDPs) and persons equivalent to them, costs related to the organization of paid public work, and state budget allocations for public legal entities for services rendered.
Additionally, 453.4 million manat ($267.5 million), or 10.9 percent, was spent on social protection (targeted state social assistance, benefits for public servants, funeral benefits, maternity benefits, child benefits for martyrs' children, and other social benefits) and social security (expenses for the maintenance of children's homes under the Ministry of Science and Education and the Social Services Agency).
