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ARMENIA POSTS AVERAGE SALARY INCREASE, WITH NO MAJOR DROP IN POVERTY
October 21, 2013 - 19:22 AMT
PanARMENIAN.Net - Average monthly salary totaled AMD 150 130 in
Armenia in September 2013 increasing by 5,8%, as compared with the
same period in 2012.
As the RA National Statistical Service reported, 3,9% and 8,7% growth
was recorded in salaries of budgetary and private organizations in
September 2013 against 2012 results, totaling AMD 119 403 and AMD
183 997 respectively.
The 2013-2017 governmental program envisages annual salary increase
to AMD 50 thous. in 2014, AMD 55 thous. in 2015, AMD 62,5 thous. in
2016, AMD 70 thous. in 2017.
According to amendments to the Law on minimum monthly salary, the
minimum salary amount was increased by 30% to AMD 45 thous. which
required allocation of additional budget funds to the amount of AMD 6
billion. The new salary system will be implemented in Armenia starting
January 1, 2014 with AMD 50 billion in budgetary funds to be extended.
On August 28, President Serzh Sargsyan stated that in 2017, the
minimal salary in Armenia will reach AMD 90 thous.
Nevertheless, according to World Bank data, 32,5% of Armenia's
population are beyond the poverty line. Armenia's Finance Ministry put
the poverty rate in 2012 at 33,1%, with a 1% drop forecasted in 2013.
http://www.panarmenian.net/eng/news/171586/
October 21, 2013 - 19:22 AMT
PanARMENIAN.Net - Average monthly salary totaled AMD 150 130 in
Armenia in September 2013 increasing by 5,8%, as compared with the
same period in 2012.
As the RA National Statistical Service reported, 3,9% and 8,7% growth
was recorded in salaries of budgetary and private organizations in
September 2013 against 2012 results, totaling AMD 119 403 and AMD
183 997 respectively.
The 2013-2017 governmental program envisages annual salary increase
to AMD 50 thous. in 2014, AMD 55 thous. in 2015, AMD 62,5 thous. in
2016, AMD 70 thous. in 2017.
According to amendments to the Law on minimum monthly salary, the
minimum salary amount was increased by 30% to AMD 45 thous. which
required allocation of additional budget funds to the amount of AMD 6
billion. The new salary system will be implemented in Armenia starting
January 1, 2014 with AMD 50 billion in budgetary funds to be extended.
On August 28, President Serzh Sargsyan stated that in 2017, the
minimal salary in Armenia will reach AMD 90 thous.
Nevertheless, according to World Bank data, 32,5% of Armenia's
population are beyond the poverty line. Armenia's Finance Ministry put
the poverty rate in 2012 at 33,1%, with a 1% drop forecasted in 2013.
http://www.panarmenian.net/eng/news/171586/