Opinion on 2019 Budget of Unemployment Insurance Fund

Opinion of the Chamber of Accounts of the Republic of Azerbaijan on the draft law of the Republic of Azerbaijan "On Unemployment Insurance Fund's 2019 Budget"

 

According to the draft law, the Fund's revenues are expected to be 83,451.4 thousand manats in 2019, which is 5588,600 manat or 6.3 percent less than the approved revenues of the Fund for 2018. The Fund's revenue is projected on budget-funded organizations, employees working in budget-funded organizations, non-budgetary sector, and other revenues.

 

In 2019, the Fund's expenditures were 83451.4 thousand manats. This amount is 5588.6 thousand manats or 6.3 percent less than the approved forecast for 2018. Funding costs include unemployment insurance payments, vocational training and additional education, professional counseling services, organization of labor fairs and labor exchanges, organization of paid public works, organization of self-employed activities, reimbursement of certain part of wage insurance for a certain period of time (3 months , 6 months, 9 months, 1 year), as well as costs of maintenance of the staff of the body (institution) determined by the body (institution) and its local bodies, as well as the relevant executive authority determined by the relevant executive authority.

 

The Opinion of the Chamber of Accounts on draft Law of the Republic of Azerbaijan on "The Budget for 2019 of unemployment insurance fund"