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