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Wages to increase in Azerbaijan from September

21 August 2013 14:02 (UTC+04:00)
Wages to increase in Azerbaijan from September

By Nigar Orujova

Salaries of social security institutions' employees in Azerbaijan will be increased by an average of 10 percent from September.

President Ilham Aliyev signed a decree to increase the wages on August 20 to strengthen social protection of social security institutions' employees financed from the state budget, and to increase the government's attention to them.

According to another presidential order, enacted on August 20, a 10 percent increase of the monthly wages financed from the state budget and defined by the unified tariff system, for workers of agriculture, forestry and fish-breeding farms, melioration and water management facilities, the environment, and hydrometeorology, will go into effect from September 1.

According to the State Statistics Committee, the average monthly salary of employed persons in Azerbaijan amounted to 408.8 manats in January-May 2013, which is 6.8 percent more than in January-May 2012.

By the end of May 2013, the monthly salaries in the oil sector amounted to 1,555 manats, while the non-oil sector salaries made up 378.5 manats, the public sector salaries were 328.5 manats, and the private sector salaries amounted to 534 manats.

The highest salaries were reported in the mining industry, the financial sector of the economy, information and communications, scientific and technical activities, as well as in the construction sector.

According to the Committee, the nominal income of the Azerbaijani population totaled 15,830,700,000 manats in the first half of the year, which is 7.1 percent over January-June 2012.

In the first half of 2013, the nominal income per capita grew by 5.7 percent and amounted to 1708.8 manats.

Revenues at the disposal of the public after payment of all the mandatory fees amounted to 14,353,500,000 million manats -- 7.1 percent above the figure posted in the same period of 2012. Real income per capita grew by 5.7 percent to 1549.4 manats.

Further payments to depositors of Azerbaijan Republican Bank of the Savings Bank of the former USSR in this period contributed to the increase of income. Some 93 percent, or 555 million manats of this amount, was paid out over seven months of 2012, and 42 million manats in the first half of 2013.

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