BAKU, Azerbaijan, November 11. A set of laws on the investment of the reserves of the State Social Protection Fund and the Unemployment Insurance Fund have been prepared, said Minister of Labor and Social Protection of Population Sahil Babayev, reports Trend .
He made the remark during a joint meeting of parliamentary committees for legal policy and state building, for defence, security and the fight against corruption, for human rights, for international and interparliamentary relations during the discussion of the draft law “On the State budget of the Republic of Azerbaijan for 2023”.
According to the Minister, the orientation of reserves for investments is one of the important issues. In this regard, rules, a set of laws on the investment of the reserves of the National Social Welfare Fund and the Unemployment Insurance Fund were developed, which were supported by all ministries.
“I think that in the near future, this package of laws will be sent to the Milli Majlis, and next year the State Social Welfare Fund and the Employment Agency will be able to engage in development activities. investment. These revenues will be used for the purpose of social protection of the population,” he noted.