The 4th social reform package covered 1.9 million people

Implemented at the beginning of 2023, the fourth package of social reforms covered 1.9 million people, and the annual additional financial potential of this reform is 750 million manat. Himalay Mamishev, Chairman of the Board of the State Social Protection Fund under the Ministry of Labor and Social Protection of the Population of Azerbaijan, said this during a press conference on the work done in the first half of 2023, Trend reports.

“As part of the reform, the minimum wage was increased by 15 percent and brought to 345 manat. The remuneration of employees working on a single tariff schedule and in a number of organizations has also been increased by 15 percent. An additional 440 million manats will be spent annually on this direction,” he said.

Recall that as a result of social reforms carried out in Azerbaijan, the minimum wage increased by 2.7 times, the minimum pension increased by 2.5 times, the average monthly wage by 65 percent, the median salary increased by 2.1 times, increased by 2. 5 times the wage fund, 2.1 times the average monthly pension, 5 times social benefits and pension payments. The average monthly amount of targeted social assistance has increased by 2.5 times, due to the creation of more than 10 new types of social payments and the introduction of a number of benefits in the social security system, the scope of this system has been further expanded. The annual amount of additional funds allocated for these social reforms has reached 6.8 billion manat.

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