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Govm't to raise pensions and allowances to compensate for inflation

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  • Govm't to raise pensions and allowances to compensate for inflation

    Armenian government intends to raise pensions and allowances to
    compensate for growth in gas prices

    2010-03-26 16:22:00


    ArmInfo. The Armenian government has taken a decision to increase
    pensions and allowances to compensate for the growth in natural gas
    prices starting April 1, 2010, said Vazgen Khachikyan, Head of State
    Service for Social Security.

    According to him, starting 1 November 2010 the main amount of pensions
    will grow from the current 8 thsd AMD to 10.5 thsd AMD per month, and
    the amount of family allowances will be increased from 10 thsd AMD to
    12.5 thsd AMD per month. He pointed out that there are 523 thsd
    pensioners in Armenia, and 110 thsd families receive family
    allowances. The matter concerns the vulnerable layers of population
    which need compensation though there are also well-to-do people among
    the pensioners, said Khachikyan.

    According to experts, the growth in gas prices may lead to additional
    growth in expenses on communal services by 2.5-3 thsd AMD monthly per
    family, he said. In general, for compensation purposes the government
    should raise additional 6- 6.5 bln AMD. The min source of financing is
    savings, as well as budget growth, he added.

    To recall, starting April 1, 2010, the price of Russian gas for the
    Armenian population will grow from 96 thsd AMD per 1 thsd cu m to 132
    thsd AMD.
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