Armenian government promises to raise minimum wage to 65,000 drams in three years

Armenian government promises to raise minimum wage to 65,000 drams in three years

YEREVAN, May 20. / ARKA /. The government will raise the minimum wage to 65,000 drams ($157) in the next three years, Prime Minister Hovik Abrahamyan said today to parliament when presenting his government’s policy program for 2014-2017.

"One of the basic human rights is the right to a decent wage. And it is our duty to guarantee that right," he said.

He noted  that public sector wages are set to rise significantly on July 1, ‘which will in turn create favorable conditions for the increase of salaries in the private sector.”

On January 1, 2014 the minimum wage rose to 50,000 drams. The policy program, which the National Assembly began debating on Tuesday, calls for an average 5 percent annual growth in the next few years.

The previous government’s growth projection was 5.2 percent.  Abrahamyan also said the official poverty rate currently standing at about 33 percent will fall by 10 percentage points in 2014-2017. -0-

15:19 20.05.2014

Comments (0)




 

« November 2014

Mon
Tue
Wed
Thu
Fri
Sat
Sun
 
 
 
 
 
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
Username:
Password:

Registration
If you are new on the site, please fill out the registration form.

Enter the website you can use your account on any of the following services.

×