Azerbaijani parliament adopts amendments in 2019 state budget in first reading

Azerbaijani parliament has today adopted the bill on amendments to the State budget for 2019 in the first reading.

Report reminds that the budget of the State Social Protection Fund under the Ministry of Labor and Social Protection of the Population should be AZN 200 million, budget of Unemployment Insurance Fund AZN 15 million. In order to compensate these expenses, AZN 350 million is planned to be transferred from compulsory state social insurance contributions.

In connection with this, the upper limit of the consolidated budget expenditures is expected to be increased by AZN 215 million and funds for the SSPF are planned to be cut by AZN 150 million.

The bill was approved through voting.