The government of Armenia turned down the bill on minimal salary, submitted by parliamentarians.
According to Finance Minister Vache Gabrielyan, the bill envisages doubling of current minimal salary from AMD 32500 to 72500.
As he noted, the project might trigger serious problems in the country’s economic development, becoming a burden for Armenia’s state budget.
“The 100% minimal salary increase will entail expenditures of AMD 360 bn for the state sector, as well as boost the instances of shadow economy in the private sector, unwilling to declare the actual amount of salaries,” the Minister said.
However, as he noted, both 2013-2015 governmental program and 2013 state budget project stipulate for minimal salary increase.
