In January-February of this year, revenues from mandatory state social insurance contributions in Azerbaijan amounted to 1 billion 19.8 million manats, amidst the process of formalization of the number of salaried employees and the wage fund.
Modern.az reports this, referring to the State Tax Service under the Ministry of Economy.
According to the information, this is 6.4% or 61.2 million manats more compared to the same period last year. In particular, revenues from non-budgetary organizations increased by 8.9% to 706.1 million manats in the last 1 year.
During the reporting period, revenues from unemployment insurance contributions increased by 8.4% to 37.3 million manats, including revenues from non-budgetary organizations increasing by 12% to 29.9 million manats.
During the year, revenues from mandatory health insurance contributions, however, decreased by 7.7% to 163.3 million manats, including revenues from non-budgetary organizations decreasing by 5.4% to 115.7 million manats.
