Increase in minimum pensions expected

The government is considering 3 versions for increase in pensions for 2003, as the first one envisages surge for all pensioners, the second for the majority of them and the third those who get very little pensions, Minister of Finance Avaz Alakbarov has told journalists.

The Ministry gives priority to the last version, which envisions increase in minimum pensions from 70,000 manat to 100,000 manat. 138bn manat out of total sum of 224bn manat will be allocated from the state budget and the rest from the Social Security Fund.*