Azerbaijan will indexe and increase pensions by at least 15% next year

Azerbaijan will indexe and increase pensions by at least 15% next year
# 05 December 2022 13:05 (UTC +04:00)

“In 2018-2019, we increased the minimum wage from AZN 130 to AZN 200. This package cost us 4 billion mantas,” said Minister of Finance Samir Sharifov at the meeting of the Economic Policy, industry and entrepreneurship committee of the Milli Majlis held today, APA-Economics reports.

According to the minister, every year indexation over pensions is carried out: “There is inflation this year. We should compensate for the impacts of inflation on retirees. Next year our expenditures over indexation to the pension fund alone, increases significantly. It is about indexation which is not less than 15%. Therefore, we should consider what we can do.

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