The Social Protection Sector is one of the priority areas of state financing in the Republic of Armenia. The amount allocated to this sector constitutes the largest part of state budget expenditures and a significant percentage of GDP.
This year, funding for the Social Protection Sector has increased significantly compared to the previous year, which indicates the importance attached to this sector by the state.
Funding for the Social Protection Sector is aimed at the implementation of a number of important programmes. The largest part of these financial flows is allocated to pension security, which is aimed at providing pensions to workers, officers, ordinary military personnel and their family members.
More details are provided in the infographic video.