CAN MILLIONAIRE SONS SURVIVE ON MINIMUM WAGE PROPOSED BY FATHER MP GALOUST SAHAKYAN
Grisha Balasanyan
13:57, November 26, 2012
Let’s take a look at the finances of the sons of Galoust Sahakyan,
leader of the parliamentary faction of the ruling Republican Party
of Armenia.
Sahakyan can always be spotted in front of the press cameras, espousing
the government’s position on this or that issue. Lately, he’s been
busy defending the government’s proposal to raise the minimum wage
by 2,500 AMD per month.
So what about Galoust Sahakyan’s sons who serve in the upper echelons
of government?
Arman Sahakyan heads the Department of Management at the State Property
registry. In 2011, he declared annual revenues of 24.394 million AMD,
of which 22.2 million was rental income. The balance was his salary. As
of the end of the year, he had 95 million AMD in the bank.
Just two years ago, in 2009, the young government official declared
a mere 3.323 million AMD in bank deposits.
Tigran Sahakyan, a Deputy Minister of Health, declared revenues of
29.7 million AMD for 2011 – 2.8 million was in the form of wages and
the rest was rental income.
The deputy minister started 2011 with 19 million in the bank, rising
to 43.7 million by year’s end.
We can only guess if Arman and Tigran can survive on the 35,000
monthly minimum wage so fervently defended as “fair” by their father.
From: A. Papazian