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Additional Half To One Billion Dram May Be Allocated To Social Payme

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  • Additional Half To One Billion Dram May Be Allocated To Social Payme

    ADDITIONAL HALF TO ONE BILLION DRAM MAY BE ALLOCATED TO SOCIAL PAYMENTS

    Noyan Tapan
    April 17, 2009
    Yerevan

    Additional half to one billion dram may be allocated to social
    payments, said Armen Hambardzumian, Minister of Labor and Social
    Issues, at the conference "Impact of the Global Economic Crisis on
    Armenia" on April 14 in Yerevan. The one-day conference was organized
    by the Ministry of Labor and Social Issues, the United Nations,
    World Bank and International Monetary Fund offices in Armenia.

    Mr. Hambardzumian made a comprehensive report on "Social Impact
    of the Global Economic Crisis and implemented measures in Armenia"
    to the audience of 120 participants from Armenia and abroad.

    During the first two months of 2009 the unemployment rate in Armenia
    increased, while the Gross Domestic Product decreased by 3.7 percent
    compared to the same period of last year.

    As Mr. Hambardzumian reported, the number of unemployed reached
    99 thousand people in April this year, while in last January 82.2
    thousand people were looking for jobs,.

    17 663 people received unemployment benefits against 14 500 envisaged
    by the state budget in April of 2009.

    More than 30 000 families were registered in the system of social
    benefits by the first quarter of this year, 17215 out of which
    became beneficiaries: about 6 000 families a month received a right
    to benefits against 500 in January-February of 2008.

    =0 D According to A.Hambadzumian, if the number of beneficiary families
    and the number of receiving unemployment benefits increase in such
    a pace, then the amounts allocated for social spending might not be
    enough, and additional 0.5-1 billion AMD may be directed to ensure
    social payments. The intended amount of socials spending is equal to
    39,2 billion AMD, 21 per cent more than last year (7 billion AMD).

    Meanwhile, the number of people included in different social aid
    systems is 106 000, against 114 thousand envisaged by the budget. This
    difference is appeared since 19 000 families were removed from
    the lists, thanks to investigations revealing the facts of unfair
    selection, said the minister, mentioning that it is necessary to
    optimize the benefit distribution system.
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