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PRSP envisages no extreme poverty in Armenia

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  • PRSP envisages no extreme poverty in Armenia

    PRSP ENVISAGES NO EXTREME POVERTY IN ARMENIA

    YEREVAN, JANUARY 14, ARMENPRESS; Under the revised
    Poverty Reduction Strategy Paper (PRSP) of the
    Armenian government, the level of poverty in Armenia
    is supposed to drop to 12 percent by 2012.
    The next target will be 9 percent, which the
    government expects to achieve by 2015. In 20021 only 6
    percent of Armenians would be rated a spoor.
    For comparison in 2006 the level of poverty was
    26.5 percent.
    The revised strategy was presented today by Melik
    Gasparian, head of a team of experts hired to develop
    the strategy.
    He said today by 2012 the share of extreme poverty
    is expected to fall to below 2 percent from the
    current 4.1 percent and by 2021 this problem would be
    resolved.
    By 2015 the share of government subsidies to health
    will make 3.1 percent of the national GDP. Education
    subsidies will grow to 4 percent of the GDP.
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