Last pennies

02/05/2009

Yesterday the Armenian Finance Minister Tigran Davtyan, speaking in National Assembly stated that the salaries, pensions and social grants are not being prolonged in Armenia. The minister rejected the information in this relation appeared in the press. He said that all the payments will be made in accordance with the scheduled period of times. He stated that the budget is being implemented on the schedule and by the whole scale. Tigran Davtyan’s statement is very interesting: if the budget is being implemented by its whole scale, which is the reason why the government makes a decision on transferring the great part of the budget expenditure to the fourth quarter. “The budget is fulfilled at full volume,” he said and denied the rumors that the treasury balance equals zero. “In our treasury we have sufficient amount to normally fulfill the state budget expenditures. There is no need to panic,” said Davtyan. We think that first of all the pensioners believed the words of Davtyan, many of whom yesterday received their pensions in coins. Several pensioners, who called us yesterday told that 26000 out of their 32000 pension they received in 500-dram coins. We think it’s not too hard to guess what the evidence of this is.