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NO WAGE INCREASE FOR PUBLIC SECTOR WORKERS NEXT YEAR: MINISTER
ARKA
Nov 2, 2011
YEREVAN, November 2. / ARKA /. Armenian finance minister Vache
Gabrielian said November 1 that although the draft budget for 2012
envisages an increase in social spending, however, public sector
wages will not be raised.
"We do not believe that in conditions of economic recovery it is
correct to rise wages, since that may impede economic growth", he
said Tuesday during parliament hearings on 2012 draft budget.
According to the minister, in terms of overcoming poverty the main
factors are the level of pensions and social benefits, which are
earmarked to increase next year.
"Pensions in the average will amount to 31,500 drams , an increase
of about 3000 drams compared to the current 28.4 thousand drams,
and the size of social benefits will be increased by 2,700 drams and
reach eventually 29,500 drams,' Gabrielian said.
As for the salaries of civil and public servants, the minister said
a package of social benefits will be adopted to improve their welfare
and the level of civil servants with low incomes.
A series of inspections conducted by the ministry of labour and
social affairs revealed that the number of senior citizens in Armenia
decreased by 6,000 people to 514,000 . The average pension in Armenia
is about 28,000 drams now.
The 2012 draft budget calls for 910 billion drams in revenues
and 1.042.5 trillion drams in spending. The amount of revenue is
projected to increase by 6.8% from this year's budget (852.4 billion
drams). The spending is expected to grow by 41.5 billion drams. Some
86.1% of the spending (897.8 billion drams) is projected as current
expenditure; 13.9% or 144.7 billion drams are projected as net
non-financial expenditure. Some 46.2% are projected as social spending
(education, health, social security), 19.8% as defense, public order
and national security spending, 13.2% are planned for economic boost,
4.5% are projected to pay off Armenia's state debt. Besides, 3.1% of
the blueprint budget is projected as official grants to communities
and 2% as government reserve fund.
ARKA
Nov 2, 2011
YEREVAN, November 2. / ARKA /. Armenian finance minister Vache
Gabrielian said November 1 that although the draft budget for 2012
envisages an increase in social spending, however, public sector
wages will not be raised.
"We do not believe that in conditions of economic recovery it is
correct to rise wages, since that may impede economic growth", he
said Tuesday during parliament hearings on 2012 draft budget.
According to the minister, in terms of overcoming poverty the main
factors are the level of pensions and social benefits, which are
earmarked to increase next year.
"Pensions in the average will amount to 31,500 drams , an increase
of about 3000 drams compared to the current 28.4 thousand drams,
and the size of social benefits will be increased by 2,700 drams and
reach eventually 29,500 drams,' Gabrielian said.
As for the salaries of civil and public servants, the minister said
a package of social benefits will be adopted to improve their welfare
and the level of civil servants with low incomes.
A series of inspections conducted by the ministry of labour and
social affairs revealed that the number of senior citizens in Armenia
decreased by 6,000 people to 514,000 . The average pension in Armenia
is about 28,000 drams now.
The 2012 draft budget calls for 910 billion drams in revenues
and 1.042.5 trillion drams in spending. The amount of revenue is
projected to increase by 6.8% from this year's budget (852.4 billion
drams). The spending is expected to grow by 41.5 billion drams. Some
86.1% of the spending (897.8 billion drams) is projected as current
expenditure; 13.9% or 144.7 billion drams are projected as net
non-financial expenditure. Some 46.2% are projected as social spending
(education, health, social security), 19.8% as defense, public order
and national security spending, 13.2% are planned for economic boost,
4.5% are projected to pay off Armenia's state debt. Besides, 3.1% of
the blueprint budget is projected as official grants to communities
and 2% as government reserve fund.