PM seeking money abroad for budget
Starting in 2012, pensions and subsidies will go up and civil servants will receive social security. This is what RA Prime Minister Tigran Sargsyan announced during today's government session. He informed that the draft budget had been discussed with Armenia's main donors, that is, the International Monetary Fund and the World Bank, and that Armenia expects additional assistance from them. Sargsyan said Armenia also expects to receive support from the European Union to reduce the risks of the 2012 budget's executive.
"If Armenia manages to do that, it will receive twice as much funding," Prime Minister Sargsyan said and mentioned that additional funding will give Armenia the chance to increase social expenditures.
"Based on the scenario introduced in the state budget, Armenia will receive additional funding from the International Monetary Fund, the World Bank and the European Union, but only under the condition that it completes the programs," the prime minister said.
Tigran Sargsyan also informed that for the first time, the Republic of Armenia will change salaries. "Civil servants will be provided with social security in 2012," the prime minister said.
Tigran Sargsyan also warned government officials that the global economy would be more at risk in 2012.
"This means that the global economy is not in a good state and the risks may be seen in 2012. It means that in 2012, the government should place emphasis on identifying its reserves and resources. All heads of departments must be guided by this principle," the prime minister announced.
