Pensions in Armenia will no longer rise occasionally but will instead increase in line with inflation, Prime Minister Nikol Pashinyan said in Ijevan during a meeting with citizens as part of the Civil Contract party’s internal campaign. He announced that he plans to soon make a formal statement regarding the continuous increase of pensions.
“I have made another decision: starting from 2027–2028 (we will determine the specific date), since we have reached the level of the consumer basket and in order not to fall back, we will increase pensions every year by the rate of inflation,” he said, according to Factor.am .
According to the prime minister, he has frequently been asked how the decision was made to raise pensions by 10,000 drams.
“On February 20, economic growth indicators were announced, and it turned out that instead of the projected 5.1%, we had 7.2% growth. That same day or the next, I sent an email to the finance minister and deputy prime ministers, asking them to calculate in monetary terms what 7.2% growth amounts to. The finance minister replied that 7.2% corresponds to roughly 100 billion drams. I said that from that amount we must allocate funds for the 10,000-dram pension increase. People must feel economic growth in their own lives,” he stated.
In Armenia, pensions and benefits will increase from April 1, excluding cashback payments from non-cash transactions, Pashinyan said in a Facebook livestream. He justified the decision by noting that economic growth in 2025 exceeded forecasts.
“From April 1, pensions will increase. Lower pensions will rise by 10,000 drams, while relatively higher pensions will increase by a smaller amount. These calculations do not include the cashback received from non-cash trade. Cashback is calculated separately, and we have discussed it many times,” he said.
