Evaluation of indicators of the effectiveness of compulsory social insurance in the Republic of Kazakhstan

Abstract

Purpose – assessment of the effectiveness of the social insurance system in the Republic of Kazakhstan.
Methodology – the research was based on the achievements of scientific thought of domestic and foreign scientists, research and applied work in the field of assessing the effectiveness of social insurance. The research is based on system approach with use of various means, estimates and comparisons, tabular and graphic methods of providing the received results. The methods of the system approach, methods of system-functional, economic-statistical analysis are used in the work.
Originality/value – on the basis of generalization of the specialized literature, the main indicators were revealed, which make it possible to evaluate the effectiveness of the social insurance system. To determine the effectiveness of the system of compulsory social insurance, calculations were made of the level of insurance payments in GDP and per capita, the growth rates of social transfers and payments, the ratio of social payments and expenditures of the republican budget for social security, calculated the replacement rates of social payments in the average wage and subsistence minimum.
Findings – the main theoretical approaches to determining the effectiveness of social insurance are considered. The authors calculated the social insurance performance indicators at the macrolevel and the financial efficiency indicators, which revealed a number of problems in the system of compulsory social insurance in Kazakhstan.