29.Oct .2021 16:00

Budget of Azerbaijan’s Unemployment Insurance Fund to Increase by $13.3 MLN

Budget of Azerbaijan’s Unemployment Insurance Fund to Increase by $13.3 MLN
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The income and expenses of the Unemployment Insurance Fund under the Ministry of Labor and Social Protection of the Population of Azerbaijan for 2022 have been announced. Report informs that this is reflected in the draft law on the budget of the Unemployment Insurance Fund for 2022.
 
According to the draft project, in 2022, the income and expenses of the Unemployment Insurance Fund should amount to AZN 180, 376, 000 (US$106,103,528). This is AZN 22,606,000 (US$13,297,646) or 14.3% more compared to the approved forecast for 2021.

It should be reminded that this year the Fund's income and expenses are projected at AZN 157,769,000 (US$92,805,293).