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We Are Overcoming Poverty Threshold

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  • We Are Overcoming Poverty Threshold

    WE ARE OVERCOMING POVERTY THRESHOLD

    Panorama.am
    18:50 19/09/2007

    "For the first time ever in Armenia the average allowance level will
    be over the poverty threshold in 2008," Vazgen Khachikyan, chairman
    of social security state foundation, told a news conference today. In
    his words, next year expenditures in social security will total 171
    bln drams and this year they amounted 106 bln.

    "We are going to make the base allowance 6800 drams and 1 year work
    experience will amount 395 drams. So, the average allowance will
    exceed 21,800 drams," Khachikyan said. In his words, if states could
    allocate 2 percent of their GDP to allowances, poverty would vanish
    from the world.

    Khachikyan noted that Armenia has a serious problem of birth
    rate. "Unfortunately, our society is listed among the most rapidly
    aging societies. It also causes several problems in social security,
    especially, that the average life expectancy is high in Armenia,"
    the chairman of the foundation said.
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