CAN YOU LIVE ON 20000 AMD?

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[06:48 pm] 16 November, 2006

Today the RA NA devoted a quarter of an hour to the discussion of
the draft law on the "increase of minimum monthly salary", which is
one of the vital public concerns.

Aghvan Vardanyan, Minister of Labour and Social Issues, supported
the hasty discussion of the issue.

To note, Mr. Vardanyan introduced the bill to the first hearing.

According to the bill, the minimum salary in Armenia will be 20
thousand AMD from 2007. By the way, a project has been worked
out under which the minimum salary will be raised to 30 thousand a
month. This means that the minimum salary will be annually increased
by 5 thousand AMD in Armenia. The bill refers to 7500 people who are
mainly representatives of technical and scientific spheres.

Reminder: last year the minimum salary was fixed 28 thousand AMD
taking into account the physiological needs of human organism.

Provided the bill is endorsed, the state budget will allot 506 million
AMD to the minimum salary.

By the way, the RA Government assumes that the increase of high-rank
officials’ salaries is more important than that of the minimum salary.