OREANDA-NEWS. January 18, 2012. This was said by Valentina Buliga, minister of labor, social protection and family, at Monday’s press-conference covering the regulations of the state social insurance budget for 2012. She has noted that the budget is planned to make up 9,82 bln. leis.

Its revenues will be 7,2% more than in 2011, of which 73,6% will be social insurance contributions. Expressed in money, it is 7,23 bln. leis, 6% up against the indicator of 2010. The total rate of contributions of social insurance makes up 29%, with an employer paying 23% and an employee contributing 6%. It makes up 22% for individuals working in agricultural sector and 6% of them will be subsidized from the state budget.

The social insurance contribution of sole proprietors, licensed businessmen, lawyers, notaries and executors is 4704 leis annually. The individuals, owing agricultural lands, processing them on their own and concluding contracts with the social insurance state service, are to pay 1164 leis per year. The budget’s expenditures for 2011 grew by 5,2%, as compared with 2011. Social insurance expenses made up 83,7%(8,22 bln. leis) of the budget’s expenditures.

Payments of pensions will be allotted to 5,7bln. leis (+ 9%),with compensations being assigned 1,1 bln. leis (- 2,6%). According to the budget, social allowances have been indexed by 7,7%, pensions – by 7,85%. The lump-sum benefit for newborns has been increased by 300 leis.