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Armenia's Ruling Party Makes Pensioners Poorer - Ex-Premier

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  • Armenia's Ruling Party Makes Pensioners Poorer - Ex-Premier

    ARMENIA'S RULING PARTY MAKES PENSIONERS POORER - EX-PREMIER

    Tert.am
    17.11.11

    Armenia-s ex-premier Hrant Bagratyan is sure that pensions will show
    a 5% decrease instead of the planned 10% increase next year.

    "Pensions will be raised by 10%, but prices will show a 15% rise, will
    they not? That is the Republican Party of Armenia tells the pensioners
    they are going to live five percent worse," Bagratyan told journalists.

    "Two days ago, instead of analyzing the economic situation and honestly
    saying what problems the budget is supposed to solve, the prime
    minister made a speech and we once again heard about 'targets' and
    'risk insurance'. By the way, the minister of finance and the Central
    Bank use terms that are typical of loan officer at a commercial bank,"
    Bagratyan said.




    From: A. Papazian
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