In 2024, revenues from mandatory state social insurance contributions in Azerbaijan exceeded AZN 5.76 billion (~EUR 3.25 billion), which is 10.9% or AZN 566.5 million more than in 2023, Trend reports.

Revenues from off-budget organizations increased by 13.7% and exceeded AZN 3.8 billion.

Revenues from unemployment insurance premiums increased by 13.7% y-o-y to AZN 208.1 million. Revenues from off-budget organizations increased by 16.9% and amounted to AZN 156.9 million.

Revenues from contributions to compulsory health insurance increased by 8.6% y-o-y and exceeded AZN 1 billion. Revenues from off-budget organizations increased by 10% and reached AZN 721.3 million, the source writes.

*EUR 1 = AZN 1.7724 (29.12.2024)