Armenian finance ministry warns against sudden increase in salaries and pensions

Armenian deputy minister of finance Vardan Aramyan warns against a sudden increase in salaries and pensions, as it would cause dramatic inflation.

The idea was suggested by former foreign minister Vardan Oskanyan, a representative of the Prosperous Armenia party. 

«We do not support this initiative. It's a very complicated issue. A sudden increase in salaries and pensions would cause dramatic inflation and the economy would have no time to recover,» Aramyan says.

Adapted from: Vestnik Kavkaza