Increased Income for Armenians...Increased Expenses, Too!

It's not ever year in the United States that one's income increases so dramatically. Debts, sure - but income?

In 2006 the average nominal salary went up in Armenia by 23.5 percent amounting 64001 ($175) Armenian drams. The monetary incomes of the population went up by 19.8 percent totaling 1722.3 billion drams. At the same time monetary expenditures went up by 18.9 percent totaling 1650.7 billion drams.

Subtract one from the other and you're hardly left with anything.

Source: Panorama