Significant poverty reduction expected

 16:30, 8 January 2024

YEREVAN, JANUARY 8, ARMENPRESS. Minister of Economy Vahan Kerobyan has said that he expects poverty rate to drop significantly with 2023 data.

He said that the poverty reduction is a highly important indicator for the government.

“In 2022, when we were living in an environment of high inflation and high economic growth, our international partners were warning us that high inflation could lead to up to 40% growth in poverty. But thanks to the outrunning actions taken by our government, not only didn’t we let poverty level to grow, but we also secured a certain reduction. Poverty dropped from 26,5 percent to 24,8%. However, for 2023, we again have high economic growth, but lower inflation, which allows us to hope that we will have significant reduction in the poverty rate as of 2023,” the Economy Minister said.

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