Hovik Abrahamyan: Introduction of target social payment is correct move
Target social payments will be introduced for the state sector in Armenia, which I think is a correct move, Armenian Prime Minister Hovik Abrahamyan said at a briefing Friday.
According to him, target social payments will be compulsory for the state sector from July 1, 2014. As for the private sector, the system will not be introduced until July 1, 2017.
Mr Abrahamyan said that from July 1, salaries of about 200,000 employees of the state sector will increase in average by 40%. “The government took a bold step by allocating AMD 38 billion for wage increase,” he added.