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Armenian System Of Benefits Needs Substantial Revision

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  • Armenian System Of Benefits Needs Substantial Revision

    ARMENIAN SYSTEM OF BENEFITS NEEDS SUBSTANTIAL REVISION

    ARKA
    Nov 27, 2009

    YEREVAN, November 27. /ARKA/. Armenian system of benefits needs
    substantial reconsideration, Hakob Hakobyan, chairman of National
    Assembly's standing committee on social affairs, said Thursday at a
    press conference.

    He thinks faults of the system leaves room for persons having stable
    earnings to submit forged papers and receive benefits.

    Hakobyan said more than 16,000 illegal beneficiaries were removed
    from lists in 2009 alone that as a result of scrutiny.

    He said that the government can't help those in need while illegal
    beneficiaries remain included in the lists.

    He said that Armenia has 100,000 poor people whose pension or benefit
    amount to AMD 8,000.

    The government earmarked AMD 242.4 billion in the 2010 state budget
    for social expenses.

    The share of social expenses in GDP is 7.5%.

    The government earmarked AMD 31 billion for paying benefits to
    low-income families in 2010 against this year's 32.3 billion.

    One family benefit will average AMD 23,000 in 2010.

    The lump-sum state benefit for third birth in a family was left
    unchanged at AMD 430,000.

    The monthly benefit for care of up-to-two-year-old babies was left
    unchanged as well - at AMD 18,000.

    Pensions remained the same and even rose due to changes in rates.

    Pension will amount to AMD 25,700 in 2010 against 25,500 now.

    Basic pension is set at AMD 8,000 for 2010.

    The 2010 state budget revenue is AMD 676.6 billion, expenditure AMD
    859.6 billon and deficit AMD 183 billion.

    One dollar is expected to cost AMD 376 in 2010.
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