Azerbaijan Social Spending Jumps 14.9% in Nine Months
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Azerbaijan’s social spending hits 12.6 billion manats in nine months
Finance & Banking

Azerbaijan’s social spending hits 12.6 billion manats in nine months

Azerbaijan’s state budget spent 12.643 billion manats on social programs in January-September, the Finance Ministry says. The figure is 1.64 billion manats, or 14.9%, higher than in the same period last year.

According to the Finance Ministry, social spending from the state budget reached 12 billion 643 million manats in the first nine months of this year, marking a 14.9% increase, or 1 billion 643.6 million manats, compared with the same period last year.

The nine-month figures show that social spending accounted for 49.9% of total state budget expenditure. This category covers wages, food purchases, pension and social benefit payments, provision of medicines and medical supplies, as well as spending on mandatory health insurance.

The Finance Ministry released the data based on year-on-year dynamics but did not offer further comment on the reasons behind the increase in spending.

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