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Oppositionist: Armenian Authorities Need Much Money To Keep Power

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  • Oppositionist: Armenian Authorities Need Much Money To Keep Power

    OPPOSITIONIST: ARMENIAN AUTHORITIES NEED MUCH MONEY TO KEEP POWER

    arminfo
    Thursday, October 25, 17:34

    The structural reforms which the government of Armenia is going to
    make in the obligatory accumulative pension system, pass the stages of
    wide public discussions and political consultations in the civilized
    countries, as such a step changes much in the life of people, a deputy
    of the parliament from the opposition Armenian National Congress,
    Nikol Pashinyan, said in the parliament today.

    But in Armenia the government has been taking efforts to give
    citizens as less information as possible what it has been preparing
    to its citizens, he said and added that the authorities are trying
    to pock citizens' pocket once again, this time through application
    of the obligatory system of accumulative pension. At present we have
    an income tax and social payments which are separately directed to
    payment of pensions to the current pensioners. But this system will
    change for 90%. Starting 1 January 2013 social payments and income
    tax will become a single tax. According to the draft budget 2013, as a
    result of application of a single tax, the budget revenues will grow
    by 21 bln drams ($51 mln). The draft budget 2013 foresees decrease
    of expenses for social sphere, he said and added that these $51 mln
    will go the unknown direction. These $51 mln are only for 2013, and
    staring 1 January 2014, the people which were born after 1 January
    1974 will pay not only a single income tax but also a new tax which
    is called a payment on the obligatory accumulative pension.

    Pashinyan said that these people will pay 5% from their salary to
    the obligatory accumulative pension. But where these sums will be
    kept till the pension age of these citizens?- he asked. They will be
    transferred to the investment pension funds, which before reaching of
    the pension age by a citizen, will direct the funds to circulation with
    a purpose to increase them, he said and added that these investment
    pension funds have not been created yet and will be created in 2013 and
    citizens will be forced to trust their money to the unknown companies
    which have no experience in this sphere. Moreover, these funds may
    bankrupt. In that case, the state budget will guarantee returning of
    the lost money, he said and reminded that citizens themselves form
    a state budget. In other words, if the money is lost, we ourselves
    will pay for that, the oppositionist said and added that such funds
    will belong to individual persons which will get a status of legal
    persons. He also predicted that our money will be de-facto managed by
    the persons with a family name Sargsyan (president of Armenia -edt)
    and Minasyan (the president's son-in-law).

    "It is already for a long period of time that the economy of Armenia
    is in stagnation and the power is unable to reanimate it. And the
    authorities need money, much money so that to preserve their power,
    as this power is based only on money. For this reason, they have taken
    an attempt to pick the people's pocket. Starting 2014, the power will
    transfer 40 bln drams to its relatives every year. A part of these
    funds will be created at the expense of the population and another
    part - at the expense of budget", - Pashinyan said.

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