400,1 million AZM is planned to accumulate on state insurance payments in 2006

400,1 million AZM is planned to accumulate on state insurance payments in 2006,the chairman of the State Social Security Fund (SSSF) Selim Muslyumov stated on October 19, 2005 on the Parliament's session.

According to him, this index is for 83,1 million AZM more (by 26,2%) of the approved forecast revenue in 2005. In 2006 the growth of charges from the obligatory state insurance will exceed the growth of the average salary by about 1,2%».

Muslyumov also noted 29,42% of the SSSF budget revenues will make up transfers from the state budget. It is approximately 167 million AZM in absolute terms, 94,1 % of expenses will constitute pensions and benefits to the population, 1,2% - payment of pensions and benefits delivery, 4,7% - funds for financing other expenditures and 534,5 million AZM are planned to pay to the population in 2006.

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