President Ilham Aliyev has signed a decree moving the start date for new limits on salary top-ups, bonuses and other payments funded from extra-budgetary sources from September 1 to October 10.
President Ilham Aliyev has amended a document that regulates how targeted funds operating within the state budget and budget-financed institutions spend additional revenue they generate outside the budget. Under the revised rules, caps on salary increases, bonuses and other payments made from these extra-budgetary sources will now take effect on October 10 instead of the start of September.
Under the limits set out in the decree, any monthly addition to an employee’s base salary must not exceed that employee’s monthly wage. In addition, the total of bonuses and other payments made over the course of a year cannot exceed one-fifth of the overall wage fund allocated for that period.
