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PM Seeking Money Abroad For Budget

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  • PM Seeking Money Abroad For Budget

    PM SEEKING MONEY ABROAD FOR BUDGET

    http://www.a1plus.am/en/official/2011/09/29/gov-nist
    04:30 pm | September 29, 2011

    Starting in 2012, pensions and subsidies will go up and civil servants
    will receive social security. This is what RA Prime Minister Tigran
    Sargsyan announced during today's government session. He informed
    that the draft budget had been discussed with Armenia's main donors,
    that is, the International Monetary Fund and the World Bank, and
    that Armenia expects additional assistance from them. Sargsyan said
    Armenia also expects to receive support from the European Union to
    reduce the risks of the 2012 budget's executive.

    "If Armenia manages to do that, it will receive twice as much funding,"
    Prime Minister Sargsyan said and mentioned that additional funding
    will give Armenia the chance to increase social expenditures.

    "Based on the scenario introduced in the state budget, Armenia will
    receive additional funding from the International Monetary Fund,
    the World Bank and the European Union, but only under the condition
    that it completes the programs," the prime minister said.

    Tigran Sargsyan also informed that for the first time, the Republic
    of Armenia will change salaries. "Civil servants will be provided
    with social security in 2012," the prime minister said.

    Tigran Sargsyan also warned government officials that the global
    economy would be more at risk in 2012.

    "This means that the global economy is not in a good state and the
    risks may be seen in 2012. It means that in 2012, the government
    should place emphasis on identifying its reserves and resources. All
    heads of departments must be guided by this principle," the prime
    minister announced.




    From: A. Papazian
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