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STATE SOCIAL INSURANCE FUND BUDGET

Each year the State Social Insurance Fund (SSIF) budget is approved by a separate law. The SSIF is administered by the SSIF Board under the Ministry of Social Security and Labour and its territorial branches. The SSIF budget revenue consists of social security contributions payable by policyholders, insured persons and the self-employed, state voluntary social insurance contributions, appropriations from the State budget and other revenue. The SSIF budget expenditure is designated for financing, management and administration of social security insurance payments for pensions, sickness, maternity (paternity), unemployment, occupational accidents and occupational diseases.

Budget revenue

The SSIF budget revenue data is presented by items of the SSIF budget revenue classification which reveal the key types of the SSIF budget revenue and correspond to the approved and received revenue amounts indicated in the consolidated statement of the SSIF budget revenue and expenditure.

Budget expenditure

The SSIF budget expenditure data is presented by items of the SSIF budget expenditure classification which reveal the purpose of the SSIF budget expenditure, and correspond to the approved and incurred expenditure indicated in the consolidated statement of the SSIF budget revenue and expenditure.