531,000 pensioners in Armenia are already receiving cashback for non-cash transactions: minister

YEREVAN, May 19. /ARKA/. As of April 2026, 531,000 pensioners and benefit beneficiaries in Armenia were using the cashback program for non-cash purchases, according to RA Minister of Labor and Social Affairs Arsen Torosyan.

“In January 2026, their number was 400,000. Thus, this year alone, the number of beneficiaries has increased by 130,000,” Torosyan wrote on Facebook.

The minister noted that the average monthly cashback has actually increased from 4,000 to 8,000 drams. “It’s safe to say that for almost everyone, pensions have increased, on average, not by 10,000 drams, but by 18,000 drams, and this amount will approach 20,000 drams,” Torosyan said.

About cashback on benefits and pensions
Since July 1, 2022, a cashback program for non-cash payments for purchases and utilities has been in effect in Armenia for pensioners and benefit recipients. By government decision, the program has been extended until December 31, 2026.

Initially, the cashback amount was 10% of monthly expenses, up to 5,000 drams; later, it was increased to 12%, up to 6,000 drams. Effective January 1, 2026, the cashback amount has been set at 20%, up to 10,000 drams per month. Payments are made until the 25th of the month following the reporting month.

spot_img

POPULAR

Armenia expects to reduce public debt to 45% of GDP within five years: Deputy Finance Minister

The Armenian government aims to bring the public debt-to-GDP ratio to 45%, approximately within five years, stated Deputy Finance Minister Avag Avanesyan.

International investors own 7-8% of Armenia’s dram-denominated government debt – Central Bank

Global institutional investors own approximately 7-8% of Armenia's dram-denominated government debt, stated Central Bank Chairman Martin Galstyan.

Yerevan’s budget revenues exceeded targets by 9.7% for the first five months

As of May 31, 2026, Yerevan's budget revenues totaled 40.3 billion drams, compared to the planned 36.4 billion drams for January-May, reported David Hakobyan, Acting Head of the Revenue Accounting and Collection Department at the Yerevan City Hall.

Business registration is now available at Unibank

Business registration is the first step toward starting your own venture.

Members of the Board and the CEO of the Universal Health Insurance Fund have been elected in Armenia

Members of the Board of Trustees and the CEO of the Universal Health Insurance Fund have been elected in Armenia, the government press service reported.

LATEST NEWS

spot_imgspot_imgspot_img