Poverty in Armenia grew by 5% since 2008 – Deputy Finance Minister
news.am
August 22, 2012 | 16:41
YEREVAN. – Poverty in Armenia increased by 5 percent – and not by 13
percent – ever since 2008, Deputy Minister of Finance Vardan Aramyan
said during a press conference on Wednesday.
`As a result of the work done by foreign experts, the method for
measuring poverty has changed since 2010. It would have constituted 27
percent, in line with the old method. And that is why the numbers
should not be played around with and say that poverty in our country
has risen by 12 percent,’ said Aramyan.
In his words, poverty should have made up 51-52 percent – in line with
the new method – if the Government’s social expenditures are not
increased.
`We have not solved all the problems with this, but we have done what
the budget has allowed us to do.
We certainly wish that our citizens’ salaries and pensions be high.
But it would not have been correct to spend all credits. The credit
costs should not exceed capital investment. It is solely in this case
that the credit serves progress. This was our key problem in 2008.
Now, we do not need to resort to such drastic measures,’ Armenia’s
Deputy Minister of Finance stated.
From: Emil Lazarian | Ararat NewsPress
Disclaimer: This article was contributed and translated into English by Emil Lazarian. While we strive for quality, the views and accuracy of the content remain the responsibility of the contributor. Please verify all facts independently before reposting or citing.
Direct link to this article: https://www.armenianclub.com/2012/08/23/poverty-in-armenia-grew-by-5-since-2008-deputy-finance-minister/
