Vestnik Kavkaza, Russia
April 26 2013

Armenian finance ministry warns against sudden increase in salaries and pensions

26 April 2013 – 4:44pm

Armenian deputy minister of finance Vardan Aramyan warns against a
sudden increase in salaries and pensions, as it would cause dramatic
inflation.

The idea was suggested by former foreign minister Vardan Oskanyan, a
representative of the Prosperous Armenia party.

“We do not support this initiative. It’s a very complicated issue. A
sudden increase in salaries and pensions would cause dramatic
inflation and the economy would have no time to recover,” Aramyan
says.