Finance Minister Sahil Babayev has announced that a large-scale social package will be implemented in Azerbaijan in 2027.
Quote: “Financial support for the implementation of this social package is provided for in the budget in the form of a reserve fund. After the projects prepared by the government are submitted in their final version to the head of state and the relevant decrees are signed, these funds will be distributed under the relevant headings, and all of us will be able to see these figures.”
What could be the main directions of the large social package planned for 2027? Are increases in pensions, benefits and salaries expected under the social package?
Speaking to Globalinfo.az, the chairman of the Public Association for the Study of Economic Resources, Ruslan Atakishiyev, said that social packages mean further improvement of the population’s social well-being, the formation of social infrastructure and the financing of programmes in this area:
“The reserve fund is provided for in the state budget, in particular in the form of the President’s reserve fund. At present, funds from this fund are allocated on the basis of the relevant orders of the head of state. In addition, after the discussions held in the Milli Majlis on the results of each six-month period, if the situation allows, additions and changes may be made to the expenditure items of the budget.”
Ruslan Atakishiyev
The economist said that, according to the directions announced recently by government representatives, in 2027 indexation and increases are expected in labour pensions, including pensions assigned for disability and military service:
“Along with this, it is likely that certain support measures will also be implemented on issues related to changes in family composition, the birth of children, as well as cases of death. All this creates a certain idea of what areas social support may be provided in in the future.”
Laman Imran
Globalinfo.az
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