ASSESSMENT OF THE IMPACT OF INFLATION ON THE SOCIAL WELFARE IN THE REPUBLIC OF AZERBAIJAN

Authors : Resmiyye Abdullayeva, Elnur Zeynallı

Pages : 96-112

Doi:10.55050/sarad.1593428

View : 24 | Download : 108

Publication Date : 2025-01-12

Article Type : Research Paper

Abstract :The foundation of every country\\\'s socio-economic policy is the improvement of the social welfare. Improving the social welfare is directly dependent on the state\\\'s intervention in the economy. The government promotes social welfare by regulating the economy both directly and indirectly. However, merely increasing wages, pensions, allowances, and so on is not enough to raise social welfare. This is because such increases may lose their value due to the effects of high inflation. Therefore, in addition to working to increase incomes, the government must also keep inflation under control. This article evaluates the changes that have occurred in recent years in Azerbaijan\\\'s population\\\'s social situation, as well as in the structure of household income and expenditure. The impact of inflation on the population\\\'s social situation, including money incomes (wages, pensions, allowances, etc.), is also analyzed. As a result of the analysis, it was determined that in recent years, a positive trend has been observed in the social situation of the population in Azerbaijan. Specifically, the income of the population, including wages, pensions, benefits, etc., has increased, and the levels of poverty and unemployment have decreased significantly. However, a large portion of the population\\\'s income has been directed towards consumption expenditures. In other words, the expenses directed towards savings have been minimal.
Keywords : enflasyon, gelir, giderler, işsizlik, sosyal refah