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Finance Minister: Expected Rise Of Pensions And Benefits Will Be Ade

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  • Finance Minister: Expected Rise Of Pensions And Benefits Will Be Ade

    FINANCE MINISTER: EXPECTED RISE OF PENSIONS AND BENEFITS WILL BE ADEQUATE TO RISE OF GAS TARIFF

    ArmInfo
    2010-03-31 12:08:00

    ArmInfo. The rise of pensions and benefits expected in 2010 will be
    adequate to rise of the gas tariff and will recompense the expenses
    of the under-privileged people, Finance Minister Tigran Davtyan told
    media on Wednesday.

    Experts say that rise of the gas tariff starting April 1 2010 will
    increase the costs of a family by 2,500 drams in average. The minister
    said that the Government will rise the family benefits by 15% (by
    3.500 drams) starting May 1 2010 and pensions by 11% (2,600 drams)
    starting Nov 1 2010. This is an adequate decision. Social problems
    are still prior for the government, but our desires were restricted
    by our possibilities, the minister said. He could not specify how
    much other products and services grow will in price influenced by
    the new gas tariff.

    The minister said that the decision to increase pensions and tariffs
    will create additional burden for the budget for 2010 in the amount
    of 6-6.5 billion. Tigran Davtyan said the pensions and benefits will
    be increased at the expense of additional incomes from activation
    of economy, toughening of the tax administration and the government
    reserve funds.

    Starting April 1 2010 gas tariff for the population will increase
    from 96,000 drams to 132,000 drams per 1000 cu m. In some regions of
    the country water and other communal services have already increased
    in price.
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