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Azerbaijan’s social protection fund budget to exceed 9 billion manats in 2027

Azerbaijan’s social protection fund budget to exceed 9 billion manats in 2027

The State Social Protection Fund’s spending is projected at 9.2725 billion manats in 2027.

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The State Social Protection Fund (DSMF), under the Ministry of Labour and Social Protection of the Population, is projected to spend 9.2725 billion manats in 2027, up 9.3% from 2026.

Finance Minister Sahil Babayev said this at a meeting of the Milli Majlis (National Assembly)’s Economic Policy, Industry and Entrepreneurship Committee, where lawmakers discussed the 2027 budget package, Operative Information Center-OMM reports.

Under the document, 9.2205 billion manats of the spending, up 10.8%, is expected to be covered by the DSMF’s revenues, while 52 million manats, down 67.5%, would come from the Fund’s unused balance at the end of this year.

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