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Tatul Manaseryan: Armenia Has Possibility To Set Minimum Wages At Am

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  • Tatul Manaseryan: Armenia Has Possibility To Set Minimum Wages At Am

    TATUL MANASERYAN: ARMENIA HAS POSSIBILITY TO SET MINIMUM WAGES AT AMD 56,000-58,000

    Source: Panorama.am
    12:17 17/01/2013

    "At long last, a program budget was developed in Armenia, something
    that had been talked about for many years, which, unlike the previous
    budgets, in principle excludes arbitrary approaches to functions,"
    economist Tatul Manaseryan told Panorama.am in an interview, commenting
    on the budget of the current year.

    Even though some progress is noticeable, the 2013 budget does not to
    sufficient extent include all possibilities, economic potential and
    resources, which are very important for it, said the economist.

    Referring to raising the minimum wage, Tatul Manaseryan said that
    there is no law in Armenia stipulating that the minimum wages are
    set based on the minimum consumer basket.

    According to the economist, Armenia has the possibility to set the
    minimum wages at AMD 56,000-58,000.

    Adoption of industrial strategy is a great achievement, according to
    Mr Manaseryan.

    "I am inspired that industrial strategy was at last adopted. It is also
    necessary to specify the substantiations and criteria of competitive
    advantages and concept of priorities," he noted.

    Correct competitive policy is and will be one of the factors
    stimulating economic development, said the expert.

    "Competitive policy ensures work efficiency and, consequently, high
    productivity and high payment for work. The settlement of this problem
    in the state sector can be linked with the optimization of the number
    of workers," Manaseryan concluded.

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