The opinion of the Chamber of Accounts of the Republic of Azerbaijan on the draft law of the Republic of Azerbaijan "On the 2019 Budget of the relevant executive authority implementing social provision and social protection"
According to the draft law, the Fund's revenues were forecasted as 3928.1 million amants which is 507.1 million manats or 14.8 percent more than the relevant performance indicator of 2017 and 349,3 mln. manats or 9.8 percent more than the relevant forecasting indicator for 2018. In 2019 it is planned that the Fund's revenues will include compulsory state social insurance premiums, other revenues and funds allocated from the state budget to finance state budget liabilities for the balance of the Fund's budget.
In 2019 the Fund’s expenditures were forecasted as 3928,1 mln. manats that is 441,3 mln. manats or 12.7 percent more than the relevant performance indicator of 2017, and 349,3 mln. manats or 9.8 percent more than the relevant forecasting indicator for 2018.
In 2019, the expenses of the Fund considered as the payments to the population, the expenses financed by the Confederation of Trade Unions of Azerbaijan on the implementation of sanatorium-resort treatment and rehabilitation of the insured by the Confederation of Trade Unions of Azerbaijan line, the provision of pensions and benefits to the population, the costs of the banking operations, the costs of the relevant executive power body and its local bodies and relevant body of executive power, and other expenses.