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PENSIONS TO BE INCREASED BY 3 THOUSAND DRAMS IN ARMENIA BY THE PROJECT OF THE STATE BUDGET FOR 2012 - FINANCE MINISTRY
ARKA
Sep 29, 2011
YEREVAN, September 29. /ARKA/. The project of state budget of Armenia
for 2012 envisages increase of pensions by 3 thousand drams - to
31.3 thousand compared to the current 28.4 thousand drams, said first
Deputy Minister of Finance Pavel Safaryan in the government meeting
on Thursday.
"The number of social benefits will also increase by 2.7 thousand
drams which will make 29.5 thousand drams. Expenses of social sphere
will be increased, particularly on the account of tax entries to the
budget", said Safaryan.
Weighted average of tax entries to GDP will be about 17. 4%. "Over 96%
of income of state budget (910 billion drams) are tax collections. It
is rather high indicator meaning that the main part of the expenses
is implemented on the account of internal resources", he said.
Prime Minister of Armenia Tigran Sargsyan said that additional
funding will also allow to increase the size of pensions in the
country which will be provided by European Union, World Bank and
International Monetary Fund in case of successful implementation of
government programs.
"In 2012 we will reform the salaries for the first time and provide
civil servants social welfare packages which will allow them to
pay percents of mortgage loans, cover healthcare expenses through
insurance policies and pay for education of children in schools and
universities", said Sargsyan.
>>From introduction of this project, first of all civil servants with
low salaries will benefit.
"But we should not forget that all these measures require additional
expenses. This necessity insists us to increase the ratio of taxes
to GDP", he said.
Armenian ministry of finance sent yesterday a draft budget for 2012
to the Cabinet's consideration. It calls for 910 billion drams in
revenues and 1.042.5 trillion drams in spending. The projected deficit
is 132.5 billion drams.
According to the statement, 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 defence, 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).
In the result of the checks by Social Welfare Ministry, the database
of pensioners in Armenia reduced by 6 thousand people making about
514 thousand pensioners. Average size of pension in Armenia is about
28 thousand drams. ($1 - 370.38 drams).
ARKA
Sep 29, 2011
YEREVAN, September 29. /ARKA/. The project of state budget of Armenia
for 2012 envisages increase of pensions by 3 thousand drams - to
31.3 thousand compared to the current 28.4 thousand drams, said first
Deputy Minister of Finance Pavel Safaryan in the government meeting
on Thursday.
"The number of social benefits will also increase by 2.7 thousand
drams which will make 29.5 thousand drams. Expenses of social sphere
will be increased, particularly on the account of tax entries to the
budget", said Safaryan.
Weighted average of tax entries to GDP will be about 17. 4%. "Over 96%
of income of state budget (910 billion drams) are tax collections. It
is rather high indicator meaning that the main part of the expenses
is implemented on the account of internal resources", he said.
Prime Minister of Armenia Tigran Sargsyan said that additional
funding will also allow to increase the size of pensions in the
country which will be provided by European Union, World Bank and
International Monetary Fund in case of successful implementation of
government programs.
"In 2012 we will reform the salaries for the first time and provide
civil servants social welfare packages which will allow them to
pay percents of mortgage loans, cover healthcare expenses through
insurance policies and pay for education of children in schools and
universities", said Sargsyan.
>>From introduction of this project, first of all civil servants with
low salaries will benefit.
"But we should not forget that all these measures require additional
expenses. This necessity insists us to increase the ratio of taxes
to GDP", he said.
Armenian ministry of finance sent yesterday a draft budget for 2012
to the Cabinet's consideration. It calls for 910 billion drams in
revenues and 1.042.5 trillion drams in spending. The projected deficit
is 132.5 billion drams.
According to the statement, 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 defence, 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).
In the result of the checks by Social Welfare Ministry, the database
of pensioners in Armenia reduced by 6 thousand people making about
514 thousand pensioners. Average size of pension in Armenia is about
28 thousand drams. ($1 - 370.38 drams).