Named the predicted indicator of the average monthly pension by age in 2023

The average monthly old-age pension next year is projected to be above 450 manat, trend.az reports with reference to the Minister of Labor and Social Protection of the Population of Azerbaijan Sahil Babayev, who spoke at a joint meeting of the Milli Majlis (parliament) committees on legal policy and state building, defense , security and the fight against corruption, human rights, international relations and inter-parliamentary relations during the discussion of the draft law “On the state budget of the Republic of Azerbaijan for 2023”.

The minister noted that next year a serious increase in the average pension is predicted, in general, the average monthly pension limit is predicted to be above 400 manats. He added that the reforms in the field of wage increases in the country show a steady result.

S. Babayev noted that an increase in payments to the population, in particular pension payments by 650 million manat, is important for our pensioners.

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