Baku:Azerbaijan is set to increase its social benefits in 2027, with a substantial budget allocation aimed at supporting various welfare programs. A total of AZN 281 million has been earmarked to finance benefits through compulsory state social insurance, covering temporary incapacity for work, pregnancy and childbirth, the birth of a child, childcare for children under the age of three, and funeral benefits. This announcement was made by Musa Guliyev, Chairman of the Milli Majlis Committee on Labor and Social Policy, during discussions on the social budget package at a committee meeting.
According to Azeri-Press news agency, the planned budget for 2027 represents a 38% increase, equivalent to AZN 77 million more than the current year's approved forecast. This increase is expected to enhance the amounts of several social benefits, providing improved financial support to beneficiaries.
The childbirth benefit is anticipated to rise from AZN 600 to AZN 1,500. Additionally, the childcare benefit paid to insured persons for children under the age of three is projected to increase from AZN 700 to AZN 936, while the childcare benefit for children under the age of three will see an increase from AZN 37 to AZN 100. Furthermore, AZN 25 million has been allocated to the Azerbaijan Trade Unions Confederation for expenditures related to sanatorium-resort treatment and health improvement measures for insured individuals.