Azerbaijan sets 9.2 billion manat for State Social Protection Fund spending in 2027

In Azerbaijan, expenditures not based on insurance principles are financed from the State Social Protection Fund's resources. According to AZERTAC, Chairman of the Calculation Chamber Vugar Gulmammadov said this on 5 November during a joint meeting of the Milli Majlis Committee on Labour and Social Policy and the Committee on Economic Policy, Industry and Entrepreneurship, while the draft law on the Fund's 2027 budget was being discussed.

Gulmammadov said the Fund's spending is financed from two main sources: its budget revenues and unused funds from previous years. In the coming year, a total of about 9.2 billion manat across all sources is envisaged.

He also noted that although legal acts do not require it, the budgets of extra-budgetary funds are drawn up on the basis of a balance principle. As a result, funds are increased only by the amount needed to cover the shortfall in financing obligations.