Incomes of State Social Protection Fund rose by 16% in January-July

As APA reports, the incomes collected from compulsory insurance fees constituted AZN 230.089 mln during the seven months of the year which respects an increase of AZN 56.669mn or 32.7% as against last year same period.

The income came from compulsory insurance fees of budgetary institutions constituted AZN 80.883mln. This is a decrease of AZN 8.579mln as against the forecast.

But the non-budgetary institutions' paying more insurance fees than the forecast compensated the deficit.

Incomes gained from the collection of insurance fees from the non-budgetary institutions AZN 149.205mln which is an increase of AZN 11.437 mln or 8.3% on the forecast.

State Budget-funded subvention to the Fund was AZN 91.666 mln as planned.