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Natasha Harutyunyan

ARF MP - Government Pension Reforms Will Bankrupt Country

Today, ARF MP Ara Nranyan criticized the proposed government reforms slated for 2010 as being disastrous for the nation. "I would like to call your attention to the reforms envisaged by the government for 2010. I’m specifically referring to the pensions. This will be the final step the government takes that will throw the nation back by decades and that will bankrupt it," said MP Nranyan. "The pension reforms that the majority is planning to push through will be the biggest blow this nation faces. People always decry that ‘they pillages and destroyed’, but this project will have more negative impact than all the bad economic programs combined that have been implemented previously. We will be facing some serious issues afterwards," he warned. Meanwhile, Deputy Finance Minister Vardan Aramyan responded that he didn’t share the belief that the reforms in question would lead the nation to ruin. "There’s the track record of other countries that proves otherwise," he argued.

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