BAKU, Azerbaijan, January 6. The coverage pursued
in Azerbaijan to enhance the social welfare of the inhabitants has
not short-term, however systemic character, Trend studies.
The decree “On extra measures to enhance the social welfare
of the inhabitants” signed by President of Azerbaijan Ilham Aliyev
is an integral a part of the final technique of the state, aimed toward
the sustainable growth of the welfare of the nation’s
inhabitants and the systemic nature of the transformations on this
space.
This decree envisions the beginning of the implementation of the
fourth bundle of social reforms within the nation over the previous 5
years and the transition to a brand new stage of social reforms in
2023.
According to official information, the rise in pensions and
salaries [within the decree] will have an effect on 800,000 individuals.
According to the decree:
– The minimal month-to-month wage has been elevated by 15 p.c from
300 manat ($176.4) to 345 manat ($202.9) from January 1, 2023.
Monthly tariff (official) salaries of staff working within the
fields financed from the state price range will probably be additionally introduced into
line with this decree inside a month, and a rise in wages
envisages a rise in wage in any respect ranges of the unified tariff
desk;
– Total, the rise within the minimal wage and wage of
staff working underneath the unified tariff desk will cowl 700,000
individuals.
– The minimal wage exceeds the subsistence minimal set for this
yr (246 manat or $144.7) by 40.2 p.c. According to the
decree, the minimal pension will quantity to 280 manat ($164.7),
advantages and pensions will probably be elevated.
In this regard, the Cabinet of Ministers will put together and submit
its proposals to the top of state inside ten days. Thus, the
minimal month-to-month pension will probably be elevated by 16.7 p.c from 240
manat ($141.1), which can have an effect on as much as 100,000 pensioners.
Over the previous 4 years, as a part of social reforms, the minimal
wage has been elevated by 2.7 instances from 130 manat ($76.4) to 345
manat ($202.9), and the minimal pension – by 2.5 instances from 110
manat ($64.7) to 280 manat ($164.7).
In complete, a further 750 million manat ($441.1) is envisioned
for brand spanking new will increase in social funds this yr, which can cowl
1.9 million residents.
The above demonstrates the size of the steps taken in latest
years and the importance of the decree of January 5, 2023.
Complex financial processes are happening on the earth, meals
safety is underneath menace. Against the backdrop of financial turmoil
from world geopolitical developments, particular consideration is paid to
the steps taken for the dynamic growth of the Azerbaijani
economic system, enhancing the social welfare of the inhabitants.
Naturally, to implement such a large-scale social bundle, there
have to be a powerful economic system and a secure monetary system. In
reference to the steadiness of those pillars in Azerbaijan, on
which the nation’s financial stability relies, the state is
taking critical steps to strengthen the social safety of the
inhabitants. Otherwise, in opposition to the backdrop of worldwide tensions, it
could be not possible to allocate vital funding to enhance the
social welfare of the inhabitants.
It turns into clear that underneath the management of President Ilham
Aliyev, the funds acquired from financial tasks are being spent
in an environment friendly course, and the primary objective is to guard
Azerbaijan’s nationwide safety and enhance the social welfare of
the inhabitants. Development in each instructions deserves the very best
appreciation.
