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Costs on unemployment insurance payments to be increased from next year

    • Insurance news
  • 05 November 2021

The projected amount of unemployment insurance payments for the next year has been announced.

banks.az reports that this is reflected in the Draft Law on the State Budget Package for 2022. According to the draft, unemployment insurance payments in 2022 are forecasted to be AZN 8.5 million. These payments are by AZN 3.9 million or 1.8 times more against the expected figure of 2021. 
Next year the forecasted expenditures on vocational training and additional education in order to prepare a competitive workforce for unemployed and job-seeking citizens in the country will reach AZN 9 million or AZN 2 million (29%) more than in 2021.

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