PRSP ENVISAGES NO EXTREME POVERTY IN ARMENIA

YEREVAN, JANUARY 14, ARMENPRESS; Under the revised
Poverty Reduction Strategy Paper (PRSP) of the
Armenian government, the level of poverty in Armenia
is supposed to drop to 12 percent by 2012.
The next target will be 9 percent, which the
government expects to achieve by 2015. In 20021 only 6
percent of Armenians would be rated a spoor.
For comparison in 2006 the level of poverty was
26.5 percent.
The revised strategy was presented today by Melik
Gasparian, head of a team of experts hired to develop
the strategy.
He said today by 2012 the share of extreme poverty
is expected to fall to below 2 percent from the
current 4.1 percent and by 2021 this problem would be
resolved.
By 2015 the share of government subsidies to health
will make 3.1 percent of the national GDP. Education
subsidies will grow to 4 percent of the GDP.