Subsistence Level in Armenia is $65

Armenpress

SUBSISTENCE LEVEL IN ARMENIA IS $65

YEREVAN, MARCH 24, ARMENPRESS: An ordinary Armenian
citizen has to spend 30,000 drams ($65) a month, not
counting gas bills which are expected to rise soon ,
as a subsistence wage, a senior member of the Armenian
Revolutionary Federation (ARF) told a parliament
briefing.
Hrayr Karapetian, the secretary of the ARF faction
in the parliament, said the faction was drafting a new
bill on subsistence level. He then described a
yesterday statement by Central Bank governor, Tigran
Sarkisian that the gas price hike will lead to a one
percent price rise in other goods as ‘strange.’ He
said the faction will have to look deeper into Central
Bank’s calculations to voice its opinion.
Galust Sahakian form the Republican party
reiterated that the gas price rise will affect the
entire economy, saying also that Armenia should
exercise active efforts to seek energy independence.