Azerbaijan, Baku, 8 May / Trend corr I. Khalilova/ President of Azerbaijan has approved the amendments into the public budget of the Azerbaijan State Social Protection Fund for 2008, according to which Fund's revenues and expenditures have been increased by AZN 136.867mln to AZN1.405bln each.
As pre the amendments, 74.5% of Fund's additional revenues will be received through increase in social insurance charges, 24.5% through increase in the number of transfers from the public budget. Revenues from obligatory social insurance have risen by 11.1% to AZN 1.019bln, transfers from the public budget by 10% to AZN 385mln.
AZN 131.1mln of Fund's additional expenditures will spent on the payment of pensions and allowances to the population, AZN 5.767mln on maintenance of the Fund, bank serving of pension payment and on other purposes.
In 2008, there are plans to spend AZN 1.348bln for the payment of pensions. Remains from the accounts of the Fund's central administration and local bodies will go to the Fund's budget (AZN 1.975mln) to finance Fund's expenditures for 2008.
On 8 May, exchange rate totalled 0.8292 AZN/USD.
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