OREANDA-NEWS. April 11, 2012. The current budget surplus of the State Social Protection Fund (SSPF) of Azerbaijan in the first quarter of 2012 exceeded USD 100 million for the first time in its history and reached AZN 83.2 million or USD 105.8 million.

The Fund reports that its revenues for Jan-Mar 2012 amounted to AZN 689.6 million and expenditures AZN 606.4 million.

The basic income was provided by contributions on obligatory state social insurance (AZN 297.8 million), including AZN 176.1 million from non-budget sector. Expenditures consisted mainly of pension payments of AZN 599 million.