MONEY FOR THE POOR GOES TO THE NON-POOR

Lragir.am
25 July 06

34 percent of the population of Armenia is below the bottom line
of poverty, stated Artsvik Minasyan, deputy minister of work and
social security, July 25, reports the news agency ARKA. 34 percent is
over 1 million people. About 200 thousand people are extremely poor.
Considering that officially the population of Armenia is 3.2 million,
at least 1/3 of the population of Armenia is poor.

The deputy minister said Armenia needs 54.4 billion drams to combat
poverty, which is 2.9 percent of the GDP of Armenia. At the same
time, Artsvik Minasyan said in fact much more funds are required,
because 40 percent of benefits for the poor goes to the non-poor.

From: Emil Lazarian | Ararat NewsPress