Friday, December 15 2017 12:02
Naira Badalian

Armenian President on wages in 2018: The people will get more

Armenian President on wages in 2018: The people will get more

ArmInfo. The GDP growth rate in  Armenia at the level of 5-6% is a good indicator. Armenian President  Serzh Sargsyan stated this in an interview with "Armenia" TV channel.  According to him, Karen Karapetyan's government faces a concrete task  - to achieve effective governance.

Speaking about the activities of the current Cabinet headed by Karen  Karapetyan, Serzh Sargsyan said:  "Yes, we did not set specific  targets for economic growth to the government, as it is conditioned  by certain issues in the integration processes, but I believe that  Karen Karapetyan and his government themselves put and this is a 5-6%  economic growth, I believe that this is a good indicator, 5% growth  of GDP will enable us to take advantage of its results, which will be  obvious and tangible, "he said. According to the head of the  republic, the only formula for a good life is work, and the only way  to prosperity is economic growth. "I think, in this context, the  government is making great efforts to do this, we must do everything  possible to ensure that the growth of our economy is palpable," he  said. Serzh Sargsyan, stated that Armenia needs to produce more  goods, create more jobs, "most importantly - high-paying places." At  the same time, the head of state did not agree with the statement  that salaries in the country will not rise in 2018. "The rates will  not rise, but people will get more. "In 2017, too, there was no  increase in salaries, but in October this year the average salary in  the republic was 4.8% higher than in October 2016. The same the most  will be in 2018.  Thus, the growth, albeit small, will be, but we  should strive to ensure that the growth of salaries is ahead of  inflation, we are now within this framework," he said.

According to the state budget of Armenia for 2017, GDP growth is  planned at 3.2%, but the government raised its expectations to  4.2-4.5% growth. Budget-2018 predicts by the end of 2018, economic  growth of 4.5%.

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