YEREVAN, August 28. /ARKA/. The minimum salary size in Armenia will rise to AMD 90,000 in 2017, Armenian President Serzh Sargsyan said as met with the education and science ministry’s officials today, the government’s press office reports.
Under the amended law the minimum salary will be raised by 30% on July 1, 2013 to AMD 45,000.
This increase prompted allocation of additional AMD 6 billion from the government budget.
The press office quoted the president as saying that in 2014 the government will embark on the policy of annual increase of the minimum salary and of payment for labor as a whole.
The new salary calculation system will be introduced in Armenia on January 1, 2014, and will need extra AMD 50 billion from the government budget.
These steps will be taken as part of the government’s 2013-2017 program, under which the minimum salary will be doubled already in 2017.
“I can say that senior specialists at ministries will earn AMD 200,000 to 280,000 a month, and chiefs of ministries’ divisions, if I am not mistaken, AMD 280,000 to 350,000 depending on service record,” Sargsyan said. “Bonuses paid from saved money may be added to this sum.”
The president said that salaries in Armenia will grow to the size which will enable public sector’s employees cater for their families’ minimal needs.
According to the National Statistical Service of Armenia, the average nominal salary in the country was recorded at AMD 144,850 in Jan-July 2013 – 3.2% year-on-year increase. ($1 – AMD 405.95). ---0----