YEREVAN, December 17, /ARKA/. A total of 93.5 billion Drams, which is an equivalent of 3% of the GDP will be enough to overcome poverty in Armenia, said today Diana Martirosova, head of A unit of the National Statistical Service in charge of households studies.
Speaking at a news conference to present the findings of a study on social state and poverty in Armenia she said this amount if added to earmarked social spending will help the government overcome poverty.
She said 2.5 billion Drams or 0.1% of the GDP is a sum that will help eradicate extreme poverty, if added to the sum earmarked to that end.
Earlier Armenian prime minister Tigran Sarkisian said next year’s budget has earmarked an unprecedented rise of social spending. Some 43 billion Drams of that amount will be directed at social and cultural sectors. ($1 360.94 Drams). M.M. -0-
