INFLATION IN ARMENIA WILL BE CLOSE TO BUDGET TARGET

Tert.am
14:14 ~U 31.03.10

This year we’ll see an inflation that’ll be close to the target index
based on the budget, said RA Minister of Finance Tigran Davtyan at
a press conference today.

Earlier, it had been reported that the target inflation, stipulated
by budgetary law, level was restricted to 4 ± 1.5%; however, Armenian
Prime Minister Tigran Sargsyan had recently announced that a level
of 6.5% is more likely.

In order to soften the blow of a rise in gas prices, the government
will be raising family benefits by 3,500 AMD beginning on May 1 and
pension payments by 2,500 AMD beginning on Nov. 1.

That’s as much as we can do, said the finance minister.