Armenian Ministry of Finance not to raise pensions and wages

The main creditors in Armenia are to remain the World Bank (WB) and the Asian Development Bank (ADB) in 2016, the first Deputy Minister of Finance Pavel Safaryan said today. 

At the same time, Deputy Finance Minister of Armenia disappointed that the draft of the budget does not provide increase in minimum wages, as well as retirement pension. "Unfortunately, a part of the expenditure does not give us an opportunity to make this step,’’ he added.