Tuesday, June 11 2019 14:48
Tatevik Shahunyan

Since 2020, Armenian government intends to increase pensions, but does not indicate how much

Since 2020, Armenian government intends to increase pensions, but does not indicate how much

ArmInfo. Since 2020, pensions in Armenia will increase. Deputy Minister of Labor and Social Affairs of Armenia Smbat Saiyan said this in an interview with journalists.

According to him, the increase is planned in the framework of the program of medium-term expenditures.  According to him, the government plans to periodically increase pensions. However, he did not indicate how much the size of pensions would increase, assuring that this would become clear during the budget discussions of the 2020 project.

He stressed that in order to increase the pension by 10%, about 30 billion drams will be needed; in addition, the number of pensioners is growing.

Saiyan also did not indicate that at what expense the government intends to raise pensions.

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