Monday, October 23 2017 15:21
Naira Badalian

Budget 2018: The first step is to increase salaries for customs officers, and pensions and salaries will wait until better times

Budget 2018: The first step is to increase salaries for customs  officers, and pensions and salaries will wait until better times

ArmInfo. Armenian Government  does not plan to increase salaries and pensions in 2018. Instead, it  is planned to increase the salary fund of the Office of Management,  in particular, employees of the tax and customs system.

"We must ensure the necessary level of GDP, and only after that we  can safely go on increasing pensions and wages, "Armenian Minister of  Finance Vardan Aramyan said at a seminar on" The State Budget for  2018 "in answering the question of ArmInfo.

According to the draft budget for the next year, treasury spending  will grow by 104 billion AMD from 1,360.1 billion approved to the end  of this year to 1.464.2 billion AMD. The main directions of budget  expenditures will be social items - pensions and allowances - 27% or  398.4 billion AMD, pay for state employees - 21% or 309.5 billion  AMD, defense sector will require 12% or 181.7 billion AMD. 140.5  billion AMD ($ 67.8 million) or 10% will be directed to servicing the  state debt (interest rate). According to other expenses, it is  envisaged to allocate 261bln AMD or 18%: 48.2bln AMD (3%) for the  subsidies to communities, 68.7bln AMD for social and cultural sphere  and science (5%, the reserve fund will receive 21.1bln AMD (1%),  trade missions, embassies will cost 11 billion or 1% of the total  budget for expenditures, 13.2 billion AMD (1%) will be allocated for  the expenditures of the management apparatus, while the other  expenses of the power block will require 17.9 billion AMD (1%). and  other directions will receive 81.5 billion (6%). At the same time,  out of the budgeted funds for salaries of 3.001.2 million AMD for  payment 32,570 healthcare workers will be allocated AMD 2,179.4mln  less for 44,471.5mln AMD, the education will receive by 2.947.8mln  AMD less - the salary fund for 63.612 employees will make 97.525.7mln  AMD On recreation, culture and religion the fund will decrease from  12.729.3mln to 12.205.7mln with The number of employees is 8,288,  3,072 employees of the social sphere will get less by 4,6% of AMD  4,662.1 million for 62,6 million AMD, and science will keep the  former salary fund - 5,778 employees of the sphere will get 8,169.2  million AMD. Other spheres will receive 19.7 million AMD less.

The increase in the salary fund is expected by the economy sector -  from 9,123.3 million AMD to 9,262.5 million AMD. The staff of the  Management Apparatus turned out to be a big winner - having decreased  a little from the amount of 19,221 to 18,444, their salary fund  increased by 2,592.7 million AMD to 66,446.2 million drams. In  particular, in the "chocolate" were workers of the tax and customs  sphere. As explained in the Armenian Ministry of Finance, if the  average salary of the regional employee of the State Revenue  Committee of Armenia a year ago was about 80 thousand drams, today  the figure has grown to 313 thousand AMD.

To note, economic growth in 2018 is planned at 4.5% or $ 11.948.9  million. 12-month inflation by the end of 2018 will be 4%, instead of  expected in 2017, 2.4% and actual -1.1% in 2016. Exports will reach  37.4% of GDP, against the projected in 2017 37% and 33.1% in 2016.  The consolidated budget of Armenia for 2018 in terms of revenues will  make 1.307.3 billion AMD (without the receipt of interbudgetary  transfers).  At the end of the year, current revenues are expected at  1,210 trillion drams, and by the end of last year, revenues were  1,135.9 billion AMD. Of which, in 2018, taxes will amount to 1.247.9  billion AMD or 21.3% of the runway, against 21.2% in the current year  (1135.0 billion AMD) and 21.3% in 2016 or 1076.9 billion AMD  (adjusted taxes / GDP will be 21.3% instead of 20.9% by the end of  2017 and actual 20.3% last year). Next year, as explained in the  Ministry of Finance, the state treasury will receive less than 395  billion drams due to business payments for VAT, income tax and profit  tax. The deficit / GDP will be 2.7%, instead of the forecasted 3.2%  by the end of this year and 5.5% in the end of 2016 - 156.9 billion  AMD, 150.1 billion and 284.7 billion AMD, respectively. By the end of  2018, the state debt, compared with the current year, will grow  another $ 300 million - to over $ 7 billion and account for 60% of  GDP.

POST A COMMENT
Input digits     


News
Ardshinbank summed up the raffle organized for Mastercard Business cardholdersArdshinbank summed up the raffle organized for Mastercard Business cardholders
Narek Karapetyan: Almost all infrastructure companies, except for  ENA, have increased their tariffs for servicesNarek Karapetyan: Almost all infrastructure companies, except for  ENA, have increased their tariffs for services
EIB: Education is one of key areas of partnership between EU-Armenia EIB: Education is one of key areas of partnership between EU-Armenia 
Armenian Deputy Foreign Minister participates in  4th International  Conference on Financing for Development in SevilleArmenian Deputy Foreign Minister participates in  4th International  Conference on Financing for Development in Seville
Armenian Prime Minister, President of  Trafigura Group discuss  potential  cooperation  in mining sector  Armenian Prime Minister, President of  Trafigura Group discuss  potential  cooperation  in mining sector  
ADB to provide Armenia with EUR236 million for construction of  Sisian-Kajaran roadADB to provide Armenia with EUR236 million for construction of  Sisian-Kajaran road
Vassilis Maragos: EU willing to strengthen technological cooperation with Armenia through concrete stepsVassilis Maragos: EU willing to strengthen technological cooperation with Armenia through concrete steps
Ardshinbank at the Forefront of Digital Security: Sponsor and Participant of BugBounty 2025 EventArdshinbank at the Forefront of Digital Security: Sponsor and Participant of BugBounty 2025 Event
Armenia`s regulator  approved the sale of 100% of GNC-ALFA s shares  to Viva Armenia CJSCArmenia`s regulator  approved the sale of 100% of GNC-ALFA s shares  to Viva Armenia CJSC
 International Chamber of Commerce ready to assist Armenia in hosting COP-17 International Chamber of Commerce ready to assist Armenia in hosting COP-17
Armenia to extend ban on ferrous metal exportsArmenia to extend ban on ferrous metal exports
IDBank Opens a New Branch at Homplex MallIDBank Opens a New Branch at Homplex Mall
MONEYVAL experts to visit Armenia in September to assess work on money laundering control MONEYVAL experts to visit Armenia in September to assess work on money laundering control 
Goods traceability to be improved in Armenia Goods traceability to be improved in Armenia 
Vaharshapan and Khoi communities to be merged Vaharshapan and Khoi communities to be merged 
Armenian NA OKs ENA nationalization Armenian NA OKs ENA nationalization 
Viva celebrates 20th anniversary: Armenia`s high-tech industry  minister on reforms in Armenia`s telecommunication industry Viva celebrates 20th anniversary: Armenia`s high-tech industry  minister on reforms in Armenia`s telecommunication industry 
Economic diversification meets Armenia`s interests - Kaja Kallas Economic diversification meets Armenia`s interests - Kaja Kallas 
5.1% increase in number of jobs in Armenia 5.1% increase in number of jobs in Armenia 
AraratBank: Special Rate for SWIFT Transfers up to EUR 20,000AraratBank: Special Rate for SWIFT Transfers up to EUR 20,000
Team Telecom Armenia, Team Systems under one roof: new Team Place  smart solutions center  openedTeam Telecom Armenia, Team Systems under one roof: new Team Place  smart solutions center  opened
Armenian Parliament discussing  nationalization of Electric Networks  of Armenia CJSCArmenian Parliament discussing  nationalization of Electric Networks  of Armenia CJSC
Armenia values development of  cooperation with Denmark in  high  technology and renewable energyArmenia values development of  cooperation with Denmark in  high  technology and renewable energy
ArmSwissBank: First in Armenia to Publish a Climate Transition PlanArmSwissBank: First in Armenia to Publish a Climate Transition Plan
Ucom Launches 5G Network in Abovyan and EjmiatsinUcom Launches 5G Network in Abovyan and Ejmiatsin
Armenia`s government to be entitled to approve new vehicle purchase support programmesArmenia`s government to be entitled to approve new vehicle purchase support programmes
WB appoints Fabrizio Zarcone as its new Country Manager for ArmeniaWB appoints Fabrizio Zarcone as its new Country Manager for Armenia
Armenia`s government violating Constitution and laws by trying to expropriate ENA - lawyer Armenia`s government violating Constitution and laws by trying to expropriate ENA - lawyer 
Armenian president holds bilateral meetings in Spain Armenian president holds bilateral meetings in Spain 
RA Tourism Committee, South Caucasus Railway combine efforts to develop tourism RA Tourism Committee, South Caucasus Railway combine efforts to develop tourism 
Populism being institutionalized in Armenia - ex-official Populism being institutionalized in Armenia - ex-official 
Samvel Karapetyan`s family starts investment dispute with Armenia Samvel Karapetyan`s family starts investment dispute with Armenia 
RA Minister of Economy  discussed  Armenian cargo carriers` situation  with his Georgian counterpartRA Minister of Economy  discussed  Armenian cargo carriers` situation  with his Georgian counterpart
Expert: Armenian businesses  face obstacles  to growth due to  unfavorable conditions Expert: Armenian businesses  face obstacles  to growth due to  unfavorable conditions 
Export growth has been minimal in recent years: Luys FoundationExport growth has been minimal in recent years: Luys Foundation
Economy Ministe: Armenia  determined to realize its agricultural potential despite numerous challengesEconomy Ministe: Armenia  determined to realize its agricultural potential despite numerous challenges
Economist: Women in Armenia are more productive in business, but  their involvement remains lowEconomist: Women in Armenia are more productive in business, but  their involvement remains low
Customer Appreciation Day at IDBankCustomer Appreciation Day at IDBank
ENA Acting CEO dismisses the idea of reducing tariffs under the new manager as a mythENA Acting CEO dismisses the idea of reducing tariffs under the new manager as a myth
ENA to defend its rights within law - statement ENA to defend its rights within law - statement 
AraratBank Joins BAFT AssociationAraratBank Joins BAFT Association
No romanticism, businesses soberer now - Tigran Jrbashyan No romanticism, businesses soberer now - Tigran Jrbashyan 
More than 2/3 of Armenian entrepreneurs do business in the extractive sector and consumer servicesMore than 2/3 of Armenian entrepreneurs do business in the extractive sector and consumer services
Minister: 69 trucks with Armenian cognac heading to Russian borderMinister: 69 trucks with Armenian cognac heading to Russian border
Economy Minster  discussed upcoming tasks with  WB Country Office HeadEconomy Minster  discussed upcoming tasks with  WB Country Office Head
Papoyan: On June 27, 94 trucks carrying Armenian apricots entered Russia for exportPapoyan: On June 27, 94 trucks carrying Armenian apricots entered Russia for export
In Armenian interbank foreign exchange market, dollar transactions decreased, while ruble transactions increased June 23 to June 27, 2025In Armenian interbank foreign exchange market, dollar transactions decreased, while ruble transactions increased June 23 to June 27, 2025
Armenia, Turkey discuss opportunities for energy cooperationArmenia, Turkey discuss opportunities for energy cooperation
Overchuk: It is impossible for Armenia to be a member of both  Eurasian Economic Union and EU at the same timeOverchuk: It is impossible for Armenia to be a member of both  Eurasian Economic Union and EU at the same time
Prime Minister participates in  Supreme Eurasian Economic Council  regular meetingPrime Minister participates in  Supreme Eurasian Economic Council  regular meeting
Over AMD 12 Billion Provided by AraratBank in 2024 to Support the MSME SectorOver AMD 12 Billion Provided by AraratBank in 2024 to Support the MSME Sector
ENA nationalization bill classic indirect expropriation - expert ENA nationalization bill classic indirect expropriation - expert 
Armenia`s authorities to nationalize ENA by amending two laws Armenia`s authorities to nationalize ENA by amending two laws 
60-70 percent of word under CEPA roadmap done - Ministry of Economy60-70 percent of word under CEPA roadmap done - Ministry of Economy
Even small states with ambitions and technological maturity can play  a significant role in the global technological ecosystem: PashinyanEven small states with ambitions and technological maturity can play  a significant role in the global technological ecosystem: Pashinyan
Under  EAEU-  UAE Economic Partnership Agreement, 95% of Armenia`s  current exports to Emirates will receive preferential coverage Under  EAEU-  UAE Economic Partnership Agreement, 95% of Armenia`s  current exports to Emirates will receive preferential coverage 
Economy Minister: In the near future, several dozen more cars will  leave Gezi as part of the agreement with TbilisiEconomy Minister: In the near future, several dozen more cars will  leave Gezi as part of the agreement with Tbilisi
World Bank to provide Armenia with $1.5 million grant for Nairit  plant dismantling and land reclamationWorld Bank to provide Armenia with $1.5 million grant for Nairit  plant dismantling and land reclamation
Economy Minister on ENA nationalization: This is not an attempt by the state to take over private businessEconomy Minister on ENA nationalization: This is not an attempt by the state to take over private business
Concessions provided to Yerevan by Ulaanbaatar to cover 98% of exports from Armenia to MongoliaConcessions provided to Yerevan by Ulaanbaatar to cover 98% of exports from Armenia to Mongolia
Read more
Exchange rates
02.07.2025
RUB4.89-0.02
USD384.51-0.81
EUR452.41-2.65
GBP526.78-3.92
CAD281.73-1.49
JPY26.72-0.23
CNY53.64-0.16
CHF485.12-3.43