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About 18 Billion Drams Envisaged By The Draft State Budget 2012 For

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  • About 18 Billion Drams Envisaged By The Draft State Budget 2012 For

    ABOUT 18 BILLION DRAMS ENVISAGED BY THE DRAFT STATE BUDGET 2012 FOR THE INTRODUCTION OF SOCIAL PACKAGE FOR CIVIL SERVANTS OF ARMENIA

    ARKA
    Nov 2, 2011

    YEREVAN, November 2. /ARKA/. About 18 billion drams is envisaged for
    the introduction of social package for civil servants by the draft
    state budget of Armenia in 2012, said first Deputy Minister of Finance
    of Armenia Pavel Safaryan.

    "If we went to traditional even increase of salaries, civil servants
    with high salaries would have received much higher. Social package is
    primarily aimed at improving social status of civil servants with low
    salaries", said Safaryan during the budget hearings in the National
    Assembly of Armenia.

    Each civil servant will be enabled to send money to repay mortgage
    loans, payment for healthcare services and training. "Exact cost of
    each social package will be determined when we specify the number of
    beneficiaries", said Safaryan.

    Government of Armenia on September 29 approved the draft state budget
    for 2012, according to which the income part is 910 billion drams,
    expenses - 1042.5 billion drams and deficit - 132.5 billion drams.

    Income volume is planned to increase by 6.8% compared to the approved
    indicator for 2011 (852.4 billion drams). ($1 - 378.96 drams).

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