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Artsvik Minasyan: Inflation "Eaten Up" Increases In Pensions And Ben

ARTSVIK MINASYAN: INFLATION "EATEN UP" INCREASES IN PENSIONS AND BENEFITS

PanARMENIAN.Net
April 5, 2010 – 17:07 AMT 12:07 GMT

The growth in pensions and benefits in connection with the increase in
gas rates is a small positive step, however cannot be radical solution
to inflationary pressures, Artsvik Minasyan , Deputy Chairman of the
NA Standing Committee on Financial, Credit and Budgetary Affairs,
ARF Dashnaktsutyun member told a news conference on March 5.

"Inflation has "eaten up" all these increases in pensions and
benefits. The government’s wish to overcome the crisis are very
cautious and superficial, " he stressed.

In turn, RA Deputy Finance Minister Vardan Aramyan objected, saying
the expected increase in benefits from May 1 to 3.5 thousand AMD
will not only compensates the rise in gas prices, but also cover the
increasing prices of other products in the conditions of inflation.

"In the minimum consumer basket, equal to 28.8 thousand AMD the share
of utility expenses is 2.6 thousand AMD, including 500 AMD for natural
gas; after the 37.5 per cent increase in gas tariffs it will make
700 AMD," RA Deputy Minister of Finance explained.

From: Emil Lazarian | Ararat NewsPress

Emil Lazarian: “I should like to see any power of the world destroy this race, this small tribe of unimportant people, whose wars have all been fought and lost, whose structures have crumbled, literature is unread, music is unheard, and prayers are no more answered. Go ahead, destroy Armenia . See if you can do it. Send them into the desert without bread or water. Burn their homes and churches. Then see if they will not laugh, sing and pray again. For when two of them meet anywhere in the world, see if they will not create a New Armenia.” - WS
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