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EXPENSES FOR FINANCING SOCIAL SECURITY IN ARMENIA PLANNED AT AMD 271.9 BILLION IN 2011 DRAFT BUDGET
ARKA
October 21, 2010
YEREVAN
Expenses for financing social security area in Armenia are planned at
AMD 271.9 billion and constitute 27.23% of the 2011 draft government
budget's spending, Pavel Safaryan, the first deputy finance minister,
said Thursday while discussing the draft budget with National
Assembly's committees.
He said the government would finance and implement ten social programs
in 2011.
Safaryan said that AMD 39.5 billion in the draft budget was targeted
for family benefits and lump-sum assistance - 14.4% enlargement,
compared with 2010.
This spending enlargement was due to the increase of family benefits
prompted by rise in gas prices.
Over AMD 4.6 billion is earmarked in the 2011 draft budget for benefits
intended for birth of third and follow-up babies. This amount is
greater than that of the 2010. This enlargement was due to the higher
birth rate.
The benefit for birth of first and second baby amounts to AMD 50,000
and the third and follow-up child AMD 430,000.
Safaryan also said that the minimal salary would be raised from AMD
30,000 to AMD 32,500.
Labor and Social Affairs Minister Arthur Grigoryan said that expenses
for financing social sector would grow by AMD 27.6 billion in 2011.
He reminded his colleagues that the program of pension reforms had
already been approved, and the process of introduction of the voluntary
accumulative pension system would start in 2011.
The basic pension size will be enlarged by AMD 2.500 to AMD 28,100.
Grigoryan said that the government would continue paying compensations
for deposits frozen in the soviet-era Savings Bank. It allocated AMD
1.6 billion for that.
The minister said that 34,000 depositors, including 1,700 veterans
of the World War II, would receive their compensations.
The ministry plans to implement new programs on retraining specialists,
employing disabled people and re-equipment of workplaces for them
in 2011.
Some 400 wheelchairs, 1,300 devises for hearing-impaired people as
well as books and copybooks for visually impaired people will be
bough in 2011.
Over AMD 20.7 billion is earmarked in the draft budget for paying
pensions to retired military officers and their families. This amount
is larger than that of 2010 by AMD 601.5 million.
This enlargement was due to increase of the basic pension size from
present AMD 5,800 to AMD 10,500 and medium pension size by AMD 1,100
to AMD 44,700.
More than AMD 8.5 billion is allocated for social pensions. The
amount is enlarged by AMD 2 billion, compared with 2010, because of
the increase of the basic pension size by AMD 2,500 to AMD 10,500.
Over AMD 163.9 billion is intended for paying insurance pensions
(increase by AMD 15.9 billion).
Median size of working pension will be enlarged to AMD 28,300 in 2011
against AMD 25,700 in 2010. M.V.-0---
The Armenian government approved the 2011 draft budget on September 30.
The 2011 budget spending will come close to AMD 1 trillion, revenue
is planned to total AMD 849.9 billion and deficit will amount to AMD
148.6 billion.
GDP growth is projected at 4.6%. M.V.
From: A. Papazian
ARKA
October 21, 2010
YEREVAN
Expenses for financing social security area in Armenia are planned at
AMD 271.9 billion and constitute 27.23% of the 2011 draft government
budget's spending, Pavel Safaryan, the first deputy finance minister,
said Thursday while discussing the draft budget with National
Assembly's committees.
He said the government would finance and implement ten social programs
in 2011.
Safaryan said that AMD 39.5 billion in the draft budget was targeted
for family benefits and lump-sum assistance - 14.4% enlargement,
compared with 2010.
This spending enlargement was due to the increase of family benefits
prompted by rise in gas prices.
Over AMD 4.6 billion is earmarked in the 2011 draft budget for benefits
intended for birth of third and follow-up babies. This amount is
greater than that of the 2010. This enlargement was due to the higher
birth rate.
The benefit for birth of first and second baby amounts to AMD 50,000
and the third and follow-up child AMD 430,000.
Safaryan also said that the minimal salary would be raised from AMD
30,000 to AMD 32,500.
Labor and Social Affairs Minister Arthur Grigoryan said that expenses
for financing social sector would grow by AMD 27.6 billion in 2011.
He reminded his colleagues that the program of pension reforms had
already been approved, and the process of introduction of the voluntary
accumulative pension system would start in 2011.
The basic pension size will be enlarged by AMD 2.500 to AMD 28,100.
Grigoryan said that the government would continue paying compensations
for deposits frozen in the soviet-era Savings Bank. It allocated AMD
1.6 billion for that.
The minister said that 34,000 depositors, including 1,700 veterans
of the World War II, would receive their compensations.
The ministry plans to implement new programs on retraining specialists,
employing disabled people and re-equipment of workplaces for them
in 2011.
Some 400 wheelchairs, 1,300 devises for hearing-impaired people as
well as books and copybooks for visually impaired people will be
bough in 2011.
Over AMD 20.7 billion is earmarked in the draft budget for paying
pensions to retired military officers and their families. This amount
is larger than that of 2010 by AMD 601.5 million.
This enlargement was due to increase of the basic pension size from
present AMD 5,800 to AMD 10,500 and medium pension size by AMD 1,100
to AMD 44,700.
More than AMD 8.5 billion is allocated for social pensions. The
amount is enlarged by AMD 2 billion, compared with 2010, because of
the increase of the basic pension size by AMD 2,500 to AMD 10,500.
Over AMD 163.9 billion is intended for paying insurance pensions
(increase by AMD 15.9 billion).
Median size of working pension will be enlarged to AMD 28,300 in 2011
against AMD 25,700 in 2010. M.V.-0---
The Armenian government approved the 2011 draft budget on September 30.
The 2011 budget spending will come close to AMD 1 trillion, revenue
is planned to total AMD 849.9 billion and deficit will amount to AMD
148.6 billion.
GDP growth is projected at 4.6%. M.V.
From: A. Papazian