Of the 268.9 million manats in revenue expected in 2027 by the Unemployment Insurance Fund (UIF) under the Ministry of Labor and Social Protection of the Population, 267.2 million manats, or 99.4%, will come from unemployment insurance contributions.
“Operativ Məlumat Mərkəzi-OMM” reports that this is set out in the draft law “On the 2027 budget of the Unemployment Insurance Fund.”
Under the draft, 29.8 million manats of contributions will come from organizations financed by the state budget, a further 29.8 million manats from employees of those organizations, and 207.6 million manats from the non-budget sector.
The fund’s other revenues will total 1.7 million manats.
Next year, the UIF’s expenditure is projected at 319.2 million manats, including the use of an unspent balance of 50.3 million manats from the end of the current year. The spending plan includes 113 million manats for self-employment programs; 75 million manats to maintain the fund’s central office, its departments, branches and representative offices, as well as other subordinate institutions; 50 million manats for co-financing the provision of social services to the population; 36 million manats for unemployment insurance payments; 27.3 million manats for vocational training and continuing education; 7 million manats to cover part of the wages of employees at social work sites; 3.8 million manats for organizing paid public works; 2 million manats to establish social enterprises and implement targeted programs; 1.6 million manats for vocational guidance and counseling; 1 million manats to develop occupational standards; 1 million manats to create jobs beyond the quota for people with special social protection needs who face difficulties finding work; 1 million manats for other active employment measures provided for by law to exercise labor rights; and 0.5 million manats to organize job fairs and labor exchanges.
